Bailout for Rich Depositors

This is interesting. The government has agreed to retroactively increase the FDIC deposit limit from $100K to $250K back to January 2008.

While it's unfortunate that people who held more than $100K would lose that amount, why should taxpayers be on the hook when the rules were clearly defined and known for a long time? Tom Brown agrees.

Oh well, what's another $200 million to taxpayers...