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by dkokelley
5620 days ago
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The rate was raised to $100,000 in 1980. Adjusting for inflation from 1980 to current, the $100,000 would be worth $275,000 by today's standards. The move to $250,000 was overdue. The prior rates are irrelevant to my point. See www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_1.pdf for discussion of historical FDIC rates, and the reasoning behind them. |
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