_The purpose of our post earlier and our other posts pertaining to the FDIC TAG Account and the Dodd Frank Bill is to give you -- our readers the information that we have researched and gathered and have it for easy access -- and FREE
Our intent is to offer a variety of services or information within the realm of reasonable time and energy through this venue -- We want for you our readers to become more knowledgeable about the many concerns with the life change that is approaching --
We cannot cover every aspect of that change but we strive to offer the most beneficial info about the ones we have chosen -
We are not Attorneys nor Tax Accountants or Investment Advisers and we do not even make recommendations or give advice to you or for you in regards to the Dinar Investment or any other investment --
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Thank You - Dinar Recaps Team
The answer to the question below is pretty cut - dried - and plain as day IMHO -- it is the first of about 14 Q&A about this Provision -- the links are provided --
Please read and get informed- If you do not understand please seek the legal licensed professional to assist you -
Thank You - Dinar Recaps Team
Implementation of the Dodd-Frank Deposit Insurance Provision
1. How long will the full deposit insurance coverage for noninterest-bearing transaction accounts last?
The Dodd-Frank Deposit Insurance Provision is effective from December 31, 2010 through December 31, 2012.
Please note that the FDIC did not extend the Transaction Account Guarantee
Program (“TAGP”) beyond its sunset date of December 31, 2010.
On the same day that the TAGP expired – December 31, 2010 – the Dodd-Frank Deposit Insurance Provision became effective.
There was a one-day overlap of the TAGP and the Dodd-Frank Deposit Insurance Provision.
Dinar Recaps Note: another option for some might be a CDARS account, which we believe is insured up to $50 million.
Dinar Recaps Note #2: The following link was sent in by Brian about the Implementation of the Dodd-Frank Deposit Insurance Provision, read #3
FREQUENTLY ASKED QUESTIONS REGARDING SECTIONS 343 and 627 of the
DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT
Updated as of August 9, 2011