But, I am sympathetic to the employees and even the owners of the startups. They didn’t take risky bets. I couldn’t imagine spreading my business as a startup (if I had one) to 10 different banks and trying to manage all of the obligations.

It's essentially a business choosing to underinsure themselves.

Various organs of the government are claiming the authority to create and enforce financial regulations. And yet, cash deposits in government-backed currency at a 100% government-regulated bank can still vanish overnight.

Given the huge costs of maintaining this government, and given the similar benefits it provides to others (Wall Street bailouts, stimulus checks, student debt forgiveness, etc.), is it that unreasonable to ask what YC is asking?

Up to $250,000, which covers almost every individual and most businesses in the country.

You want to be bigger, you should be coming correct.

literally all the time, the entire country is shaped around the benefit of corporate interests and capitalism