Early on Tuesday morning, Barack Obama proposed raising the FDIC insurance coverage from $100k to $250k as a way of reducing the risk of panic, also noting that the $100k level had not been inflation-adjusted for over 30 years.
http://www.foxnews.com/story/0,2933,430434,00.html
Later in the day, on "Fox and Friends"
, McCain parroted Obama's idea.
By evening, Obama's idea was being discussed broadly as an essential part of any new try at a bipartisan emergency package.
http://www.foxnews.com/story/0,2933,430434,00.html
Later in the day, on "Fox and Friends"
, McCain parroted Obama's idea. By evening, Obama's idea was being discussed broadly as an essential part of any new try at a bipartisan emergency package.