The benefit is if you have inflation, the deposit insurance limit will not be eroded and keep up. And if you have periods of relatively low inflation, that low inflation wouldn't be eroding or eating away at the insurance limit.
More Quotes from David Barr:
We will need to find a new chairman and secretary and I would like to extend my appreciation to both of them for all their hard work over the years.David Barr
We expect banks to perform a risk analysis, and, based on that risk analysis, provide an extra layer of security by the end of the year.
David Barr
And David Barnes played a very good innings. He has been a terrific signing for us and has been very consistent all year as well as being a positive influence to the team.
David Barr
We have had some failures in the past where people have had considerable amounts of money in individual retirement accounts. They've suffered significant losses. But that coverage will go up to 250,000 per person when we change this rule.
David Barr
When Target applied to open its industrial bank in 2004, we didn't get a single comment from the public. We've gotten 4, 000 letters and witnesses for the Wal-Mart application. The majority are negative. But popularity is not a criteria for an industrial bank.
David Barr
Don't panic. Your banking information isn't lost. What most likely is causing problems for people in the affected area is not a loss of financial or banking data, but the loss of the telephone and communications infrastructure, ... Once telephone service becomes restored to more and more areas, and once the affected banks manage to get their own verification systems back online, the situation should improve.
David Barr
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