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Tuesday, October 14, 2008

"98% of all accounts are below $100,000" on Deposit

...Shelia Bair, head of FDIC, on CNBC.

Kinda puts into perspective that rush to get deposit insurance for millionaires.

So, I'll ask the question again, who was the economist - if any - who advised Obama on that?

[Kudos, though, to Larry Kudlow and Lawrence Lindsey, who spearheaded a public ramp for the effort ...]