That is a good question. I donlt know if it is per depositor or per account. But check this:
remember that post you made about "bailing out FDIC". You were dead on there. Current they only have less than $5 billion on hand to insure 3 trillion in deposits. They have hte ability to borrow directly only 30 Billion directly from the treasury. I saw a spot last night that said if something awful happened, the American taxpayer would need bailout FDIC. Good insight and forethinking BMD! So what good does it really do raising hte limit anyway?