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I absolutely agree the FDIC limit should go way up. > The disagreement if there is one is the 250k+, why should there be an exception just because these are te
by idopmstuff 4y ago
I absolutely agree the FDIC limit should go way up.
> The disagreement if there is one is the 250k+, why should there be an exception just because these are tech startups?
That's not what I'm suggesting, nor is it what I think most people who think depositors should be made whole are suggesting. In basically any bank run scenario in which depositors had behaved reasonably (which is like 99% of companies putting their money in banks), I would support depositors being made whole. Regardless of the specifics of the situation, I think the upside of maintaining our collective faith that bank deposits are safe is much larger than the downside of whatever needs to be done to achieve that.