This is self-interested scaremongering. The public does not owe a bailout to depositors who made bad loans to banks. Regardless of whether they thought it was

This is self-interested scaremongering. The public does not owe a bailout to depositors who made bad loans to banks. Regardless of whether they thought it was a loan or not. Bank runs are adequately avoided with a lot of the existing safeguards. Converting to a system where private deposit insurance for large accounts is normalized is the fair approach. And that won't happen if people think their losses will be socialized anyways. The uninsured depositors didn't bear any costs, direct or indirect, for insurance. So being gifted insurance is a bailout. If we are going to be giving gifts, let's give it to people who actually need it. People with more than $250K in liquid deposit accounts are not in that category.