FDIC insurance is to protect consumers and small businesses. I think of it as the same concept as accredited investors, once you have a certain amount of money,

FDIC insurance is to protect consumers and small businesses. I think of it as the same concept as accredited investors, once you have a certain amount of money, you get the freedom to dive into the shark pool and responsibility to manage that risk yourself. SVB was a high yield (4.5%!) bank. That comes with some risk.