I wanted to see the opinions here on seek about this.

One point I would like to make is the "used car salesman" type gimmicks they are using.

If you have been paying any attention to the whole thing one of the points they are making to try and pass this is that they will increase the FDIC insurance from 100K to 250K, true, but with a catch...It is only until Dec 31, 2009!

SEC. 136. TEMPORARY INCREASE IN DEPOSIT AND SHARE INSURANCE COVERAGE.
(a) FEDERAL DEPOSIT INSURANCE ACT; TEMPORARY INCREASE IN DEPOSIT INSURANCE
(1) INCREASED AMOUNT.—Effective only during the period beginning on the date of enactment
of this Act and ending on December 31, 2009, section 11(a)(1)(E) of the Federal Deposit Insurance
Act (12 U.S.C. 1821(a)(1)(E)) shall apply with ‘‘$250,000’’ substituted for ‘‘$100,000’’.

Want to write your representative to give your thoughts on how to vote?:
https://forms.house.gov/wyr/welcome.shtml

Ref:
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:H.R.1424:

PDF From CNN:
http://money.cnn.com/2008/10/01/news/pdf/index.htm

If you do not want to read the whole thing:
http://www.bloomberg.com/apps/news?pid=20601213&sid=aHqCImXE39n0&refer=home

LB, he can't very well make a poll in a thread he didn't start.

That clause tells me that they don't think that this plan will work. Why would insurance need to be boosted if the 700 billion they want to dump into the system will fix everything?

BTW, the forms link is having issues.

i understand that SC, but reading that topic will show how many are for or against

I kinda agree, especially since this is already at 10 votes no, 0 votes yes. At the very least it doesn't go in this section anyways.



** WOW, I like that move feature! **