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Name: |
water_watcher
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Subject: |
Two small changes should
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Date:
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9/30/2008 7:00:38 AM
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fix the bill to allow it to pass. One is to raise the FDIC limit to insure deposits. Numbers are all over the map ... some suggesting go to $1 million, others $500m and the low I have heard is $300m (right now it is $100m and $250m on IRA's). That change will go a long way. Also for business accounts, allow a much higher level, but charge them a small amount for insurance ... like .1%
Two, and I said this in a previous post that it was a serious problem. Eliminate (or change significantly) the mark to market rules on loans and investments that came in to effect under S-Oxs. This has greatly compounded the problem and has made a bad situation even worse.
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