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Loan Modification

: Mortgage Lender Implode-o-Meter

Emergency Unlimited FDIC Coverage Extended to Clearing Accounts Until 2013

By Implode-Explode Heavy Industries

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``With recovery supposedly at hand, and the financial crisis over thanks to Ben and Timmy, I wonder why they would enact unlimited FDIC coverage for what sounds like checking accounts and commercial clearing accounts. The only thing that occurred to me was that in the event of a bank run, it might be intended to prevent another short term credit seizure such as was experienced in the financial crisis. ''

Full post as published by Mortgage Lender Implode-o-Meter on March 27, 2011 (boomark / email).

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