# House of Representatives Rejects Bailout Bill

**URL:** <https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746>\
**Category:** Great Debates\
**Created:** [September 29, 2008, 6:21pm UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746 "2008-09-29T18:21:41Z")\
**Posts on this page:** 5\
**Page:** 16

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**Author:** ![Sitnam](https://avatars.discourse-cdn.com/v4/letter/s/6a8cbe/32.png) [@Sitnam](https://boards.straightdope.com/u/Sitnam)\
**Post date:** [October 1, 2008, 1:52pm UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746/301 "2008-10-01T13:52:18Z")

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What’s effective about raising the FDIC level of insurance to $200,000? As I understand it the FDIC insures $100,000 per account, if I had $200,000 I could already be covered with two accounts.

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**Author:** ![Oy](https://avatars.discourse-cdn.com/v4/letter/o/bc8723/32.png) [@Oy](https://boards.straightdope.com/u/Oy)\
**Post date:** [October 1, 2008, 2:18pm UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746/302 "2008-10-01T14:18:06Z")

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> [@Sitnam](#):
>
> What’s effective about raising the FDIC level of insurance to $200,000? As I understand it the FDIC insures $100,000 per account, if I had $200,000 I could already be covered with two accounts.

Small businesses and commercial accounts need higher limits to meet payroll and such.

ETA: You couldn’t have two accounts in the same bank in one name. You could have $100,000 for every name in your household.

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**Author:** ![Sitnam](https://avatars.discourse-cdn.com/v4/letter/s/6a8cbe/32.png) [@Sitnam](https://boards.straightdope.com/u/Sitnam)\
**Post date:** [October 2, 2008, 2:13am UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746/303 "2008-10-02T02:13:36Z")

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> [@Oy](#):
>
> ETA: You couldn’t have two accounts in the same bank in one name. You could have $100,000 for every name in your household.

Fine, you have TWO different banks. For that much money I’ll make the extra trip.

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**Author:** ![elucidator](https://avatars.discourse-cdn.com/v4/letter/e/8edcca/32.png) [@elucidator](https://boards.straightdope.com/u/elucidator)\
**Post date:** [October 2, 2008, 2:19am UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746/304 "2008-10-02T02:19:09Z")

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Hell, I know some people would be willing to go all the way cross town, for a hundred thousand dollars.

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**Author:** ![Sitnam](https://avatars.discourse-cdn.com/v4/letter/s/6a8cbe/32.png) [@Sitnam](https://boards.straightdope.com/u/Sitnam)\
**Post date:** [October 2, 2008, 2:24am UTC](https://boards.straightdope.com/t/house-of-representatives-rejects-bailout-bill/465746/305 "2008-10-02T02:24:16Z")

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> [@foolsguinea](#):
>
> :rolleyes: Oh no! Two whole weeks!
> 
> Hey, I’ve lived in the Third World. Y’all could use some toughening up. Maybe you’ll learn some patience, _gringo._

OK…Americans should toughen up and accept their country will operate like the third world.

:rolleyes: yourself

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