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Expanding deposit insurance is Robin Hood in reverse

Proposals are now circulating in Washington to increase deposit insurance limits radically, including the bill from Sens. Bill Hagerty (R-TN) and Angela Alsobrooks (D-MD) to boost coverage from $250,000 to $10 million for certain accounts. This represents a highly regressive policy and a troubling b......

Source: Washington Examiner

Original URL: https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/3870894/deposit-insurance-expansion-federal-banking-regulations/