Original headline: “How risky bank debt makes customers safer” This HN headline is editorialized… The article mostly explains the difference in loss absorbing

Original headline: “How risky bank debt makes customers safer” This HN headline is editorialized… The article mostly explains the difference in loss absorbing debt regulators for banks with $100B+ in assets. Separately, it is a false premise to argue that the median retail banking customer is not “safe”. The US banking system is incredibly safe for the vast majority of its customers. Those customers with uninsured deposits are not in the majority.