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Bankers and Greenspan Clash Over Deposit Insurance Rise
Washington lawmakers hear conflicting advice on raising the $100000 deposit insurance limit. FDIC backs inflation pegging and merging funds to curb distortions, while Greenspan warns of subsidies to the wealthy and calls the move a policy mistake. Bankers urge higher coverage to aid rural communities and deposit attraction.
MENTIONED IN THIS ARTICLE
Greenspan
Washington
Federal Reserve
Alan Greenspan
Federal Deposit Insurance Corp
Marge Roukema
Rn.j
FDIC
Bachus
Donna Tanoue
Fund For Savings and Loans