FDIC recommends overhauling U.S. insurance deposit system 

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THE FEDERAL DEPOSIT Insurance Corporation on Monday the FDIC recommended that the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a “targeted” basis. / ASSOCIATED PRESS FILE PHOTO / MANUEL BALCE
NEW YORK (AP) – The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a "targeted" basis.  The proposed change appears to openly acknowledge that the FDIC is looking…

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