. September 30, 2008 SouthAmerica: The scoundrels on Wall Street are trying every way possible that they know to get the US government to bank their out of control gambling habits. I was watching CNBC television this morning and some old fart was suggesting that the FDIC insurance should be increased from the current $ 100,000 limit to $ 250,000 limit per account. They keep saying that corporations need to keep more than $ 100,000 on their bank account to be able to pay its employees. The only excuse that they have for this account limit insurance increase it is the payroll argument. My question is: why increase the FDIC insurance for all types of banking accounts when the average American has very little money on their bank accounts and certainly their average balance is below the current $ 100,000 limit regarding FDIC insurance. By the way, companies have a separate account that handles only payroll. Why they donât increase the FDIC insurance limit only for payroll accounts? It does not make sense to raise the FDIC insurance limit to all the other types of bank accounts since most people donât keep $ 100,000 on their bank accounts. During the Reagan years one day very late in the evening they attached in one bill the increase of FDIC insurance from $ 25,000 to the current $ 100,000 limit per account â they attached to a bill in the middle of the night and without any prior debate because they did not want people to discuss the pros and cons of this issue. By lifting the amount of insured money on individual accounts the savings and loans got more US government insured money to gamble in what became the savings and loan scandal of the late 1980âs. The only thing that increasing the FDIC insurance limit does is supply more US government insured money for the people on these banking institutions to gamble it away. Increasing the limit of FDIC Insurance on all types of banking accounts is a terrible idea. Only scoundrels would come up with solutions like that at this time. If the problem is the amount of money that certain corporations need to keep on their payroll account â then increase the FDIC insurance limit only to specific payroll accounts. Basically the FDIC insurance limit of $ 100,000 per account is more than enough for most Americans. Most Americans donât have $ 100,000 on their checking account and if you have more than that amount just open another account or multiple accounts to spread your money to multiple banks for you to be protected under the FDIC $ 100,000 insurance limit. .