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> is there precedent for that? Again, it would be better to have a comment from someone who banks for a living, but back in 2008 when the FDIC limit was $100K,
by jpmattia 4y ago
> is there precedent for that?
Again, it would be better to have a comment from someone who banks for a living, but back in 2008 when the FDIC limit was $100K, ISTR Sheila Bair making a statement to that effect (IndyMac?). One large issue was that companies would regularly be above the limit in order to run their payrolls, and so got caught in a bad position. That started companies with other banks worrying about where they were parking money, contributing to a systemic issue.