If you are going to hold more than the fdic limits you should use one of the myriad of products designed for that rather than using hope as a risk management te

If you are going to hold more than the fdic limits you should use one of the myriad of products designed for that rather than using hope as a risk management technique. They’ve been around for decades and are a normal part of any wealth protection strategy. For better or worse US governmental policy is to encourage myriad amounts of banks, and it’s worked given we have more than any other nation by a long stretch. In fact a lot of the disfunction in our banking system comes from the fact that we have too many banks. No knowledgeable person thinks Americans lack for choice in banking.