97% of accounts are not insured. The whole point of the $250k rule is so you don’t wake up and are homeless. This is a corporate bail-out. 1. FDIC revoked the

97% of accounts are not insured. The whole point of the $250k rule is so you don’t wake up and are homeless. This is a corporate bail-out. 1. FDIC revoked the limit and is ensuring unlimited funds. 2. Providing funds to other banks that may be in distress. 3. This guarantees banks have no accountability & the govt will cover all losses.