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I would say 'yes'. Banks should start offering fully insured accounts (maybe they already do) and those accounts should cost more and possibly have different l
by AdamN 4y ago
I would say 'yes'. Banks should start offering fully insured accounts (maybe they already do) and those accounts should cost more and possibly have different liquidity profiles.
- Tinyyy 4y agoFully insured by whom?
- AdamN 4y agoA re-insurance company probably, or the FDIC which would charge a premium for the excess insurance.
- pjc50 4y agoWhy banks specifically? Should there be insurance for AWS and Github accounts? > maybe they already do "Insured cash sweep" (which is basically "RAID for banking")
- AdamN 4y agoThere already is DR and business continuity insurance so non-financial assets have an entire industry around insuring against events there. Cash sweep is insured but only to a limit, there's nothing magical there and the underlying securities have default risk (or breaking the buck).