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michaelmrose on March 13, 2023 | parent | context | favorite | on: Yellen says government will help SVB depositors bu...

Someone with 3 250k accounts is liable to need a bailout on 1 of 3 costing less money.

yibg on March 14, 2023 [–]

Yes but now you have 3 times as many accounts that need to be bailed out.

Instead of 3 people holding 1 account each at 1 bank with 750k, now I have 3 people holding 250k at 3 banks. Per bank it’s still 750k.

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