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I’m sure you would feel differently if it was your employers money there and they weren’t able to pay your salary. $250k is not much at all for a business
by zeroonetwothree 8mo ago
I’m sure you would feel differently if it was your employers money there and they weren’t able to pay your salary.
$250k is not much at all for a business
- devman0 8mo agoBusinesses can use deposit management services to spread cash among many banks. Bonus points they also are less impacted by the poor business practices of one bank. Individuals can do this too with investment brokers or wealth management providers. Alternatively we could just made FDIC coverage unlimited, but then that creates poor risk taking incentives, which is the whole point of not setting the expectation of the a bailout by making exceptions.