Yes; but that's largely irrelevant as most people don't have $250k in their bank accounts (and if they do, it's probably in stocks/bonds as opposed to a bank ac

Yes; but that's largely irrelevant as most people don't have $250k in their bank accounts (and if they do, it's probably in stocks/bonds as opposed to a bank account with a low interest rate). It was just an example, anyway; the FDIC is only one part of a larger financial regulation framework. But the core point remains: lack of regulation around financial instruments is often a bad thing.