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Obama Wants to Hike Deposit Insurance

Calls for revived bailout to include increase to $250K from $100K

By Clay Dillow,  Newser Staff

Posted Sep 30, 2008 8:22 AM CDT

(Newser) – Barack Obama today proposed to revive the $700 billion bailout lying bloodied on the House floor with a provision increasing federal insurance to $250,000 from the current $100,000, Politico reports. The presidential hopeful called it “a step that would boost small businesses,...   Read full story »

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