This is a pretty telling article about what people are scared about
http://money.cnn.com/2008/09/30/news...ion=2008093016
Particularly ineteresting is this
Quote:
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Raising the amount that the FDIC can insure could stem a potential run on deposits by bank customers, particularly businesses, who fear losing their money. The $100,000 limit protected as much as 82% of deposits in 1991 but only covers 63% of deposits today.
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so if (Total accounts * 100,000.00) = 82% of deposits in 1991
and
(Total accounts * 100,000.00) = 63% of deposits today
Where did 19% more money come from? Was it created cause people had to have more to pay the intrest on thier existing loans? Is that 19% number an indicator of the ammount of money that was generated in intrest on the total amount of debt since 1981?