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Greenspan and Summers oppose doubling insured deposits to 200000
Federal Reserve Chair Greenspan and Treasury Secretary Summers oppose raising the bank deposit insurance limit to 200000, calling it a policy mistake and a public risk to the financial system. They testified on regulation legislation for futures markets, while FDIC noted it would weigh the proposal.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Clinton
Phil Gramm
Texas
Greenspan
Senate Agriculture Committee
Senate Banking Committee
Summers
Donna Tanoue
Federal Deposit Insurance Corp
Fed
Secretary of the Treasury
Agriculture Committee
Richard Lugar
R-Ind
Lugar
Congress
Commodity Futures Trading Commission
White House