Sorry, I don’t like VCs (no specific reason, just don’t like people with tons of money), but a person’s choice of bank shouldn’t be the deciding factor in wheth

Sorry, I don’t like VCs (no specific reason, just don’t like people with tons of money), but a person’s choice of bank shouldn’t be the deciding factor in whether or not they get to keep their money. Do more wealthy VCs and firms have more tooling available to be able to properly vet their capital storage houses before deciding to reside there? Sure. But unless we decide that banks should be public facilities with the aim of strictly housing money, I’m not sure any amount of vetting could actually guarantee a depositor’s safety at a bank. And I just don’t think it should be your fault if your bank’s investment branch are nincompoops. You have no control over that, and certainly no degree of control from a quarter to quarter standpoint where the personnel of your bank might shift and change far past your vetting. So would I have lost sleep if VCs lost their deposits? No. But am I glad they were made whole, even if I think they shouldn’t have that much money in the first place? Yes.