The bailout bill expected to be passed by the Senate tomorrow would raise the limit on deposits insured by the Federal Deposit Insurance Commission (FDIC) from $100,000 to $250,000.
Timeline:
Third Amendment Watch endorses this idea : September 18
Barack Obama endorses this idea: September 30 (early)
John McCain endorses this idea: September 30 (after hearing that Obama had done it)
I stole the idea from Americablog, which stole it from a reader... but still, reading this blog is like reading next week's newspaper today. If there are still newspapers. Sarah Palin certainly can't name any.
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