Dividend Stocks - The Dividend Daily » Blog Archive » Raising the FDIC Limits is Another Pipe Dream

Dividend Stocks - The Dividend Daily » Blog Archive » Raising the FDIC Limits is Another Pipe Dream: "The Bottom Line
The Fed needs to continue to orchestrate deals like they did with JP Morgan Chase (JPM) and Washington Mutual. In that case, the FDIC didn’t take any hit, and WaMu was removed from the equation. The new Corporate America is being formed now, and there’s no sense in delaying the inevitable consolidation. What we definitely don’t want is the FDIC becoming the next AIG, in a case where the insurer is financially unable to make good on its contracts."