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The solution to avoid, or at least lessen the moral hazard that I've not seen mentioned in the press, is for accounts that are specifically for payroll to get s
by zamnos 4y ago
The solution to avoid, or at least lessen the moral hazard that I've not seen mentioned in the press, is for accounts that are specifically for payroll to get special fidc protection. sure there's gonna be an accounting overhead to limit the amount of cheating going on, but at least the moral hazard, compared to infinity deposit insurance, is lessened.
- noelsusman 4y agoWe've had tools to solve this problem for a long time. My own bank offers me up to $2M in FDIC insurance through a network of banks. SVB depositors chose not to use these tools. https://www.intrafi.com/solutions/depositors/ https://www.intrafi.com/solutions/depositors/