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To: lorne who wrote (54860)6/21/2000 9:33:00 PM
From: goldsheet  Read Replies (1) | Respond to of 116764
 
> OT. Greenspan, Administration Oppose Doubling of Deposit Insurance

The last time this was done (late in the Carter adminstration), it was raised from $40,000 to $100,000 and resulted in the proliferation of brokered CDs. Many of the new S&Ls slapped together to suck up all the funds eventually went under resulting in the billion dollar bailouts.



To: lorne who wrote (54860)6/21/2000 10:12:00 PM
From: Ahda  Respond to of 116764
 
I picked that up today to Lorne i think it is important as it is question of confidence re AG in our banking system.


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