4 ms·
the math is still the same though, just different degrees. If we (as tax payers) are ok with insuring 3 accounts (as an example) x 250k each, why are we not ok
by yibg 4y ago
the math is still the same though, just different degrees. If we (as tax payers) are ok with insuring 3 accounts (as an example) x 250k each, why are we not ok with insuring 1 account for 750k?
- QuercusMax 4y agoBecause you're spreading the risk of bank failure across many banks, which honestly is probably good for everyone....
- michaelmrose 4y agoSomeone with 3 250k accounts is liable to need a bailout on 1 of 3 costing less money.
- yibg 4y agoYes but now you have 3 times as many accounts that need to be bailed out. Instead of 3 people holding 1 account each at 1 bank with 750k, now I have 3 people holding 250k at 3 banks. Per bank it’s still 750k.