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In those days there was no deposit insurance of any sort.
Computer technology has also played a role in changing the nature of deposit insurance.
"The President is trying to get deposit insurance back in line with market discipline."
In response, the central bank introduced deposit insurance that year.
The most important change was a new provision for deposit insurance.
Once again, the exclusion of deposit insurance has no effect.
There was no federal deposit insurance during that time as bank failures were considered quite common.
I have always supported adequate deposit insurance and will continue to do so.
The Bush plan also calls for higher premiums on the institutions' deposit insurance.
The dispute over deposit insurance is not without some irony.