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September 30, 2008


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This morning we hear that Obama wants to raise the FDIC level from $100,000 to $250,000 to "restore confidence". One easy question ..

exactly how many of those "middle class Americans" that have been living from paycheck to paycheck have $100,000 in their bank accounts, let along $250,000 ?

I know I don't. All it does is create a safe alternate to the mattress for those who bail out of the market. Some confidence building measure.

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