mrguyorama already did a good job of pointing out how it was in fact undue risk. I wasn't addressing how so because I thought it was so obvious, but that may be

mrguyorama already did a good job of pointing out how it was in fact undue risk. I wasn't addressing how so because I thought it was so obvious, but that may be just my history in finance and risk management. The point I was trying to make was that unfortunately the businesses were also taking too much risk if they were storing all their money in a single bank. Just as an individual I am spread across multiple banks as a means of derisking myself and ensuring that I'm fully protected by FDIC in the event a bank does something this epically stupid.