This phenomenon would be far worse had not the FDIC extended unlimited insurance coverage to non-interest-bearing deposit accounts through the end of 2012.
FORBES: We Need QE3 Like We Need A (Jackson) Hole In The Head
2.
The FDIC will also expand deposit insurance for non-interest-bearing transaction accounts used by many small businesses.
FORBES: The Ownership Society
3.
The FDIC also said it would provide unlimited deposit insurance for non-interest-bearing accounts, which are mainly used by small businesses to cover payrolls and other expenses.