FDIC expands deposit insurance limit from $250,000 to unlimited

http://fdic.gov/news/news/press/2010/pr10217.html

The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the issuance of a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide depositors at all FDIC-insured institutions unlimited deposit insurance coverage on noninterest-bearing transaction accounts beginning December 31, 2010 through December 31, 2012.

That's great to hear, until one realizes the FDIC itself is broke.