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A comment on Urgent: Sign the petition now. Parent comment

Re:Urgent: Sign the petition now by muzz on Saturday March 11, 2023 @08:07PM (#35115074)
Is your goal to eliminate risk, or to mitigate it?

If they had deposited that 3B in, say two banks rather than one, they'd have 1.5B in that other bank

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Re:Urgent: Sign the petition now by ZachPruckowski on Sunday March 12, 2023 @10:04AM (#35120148)
They actually had like $12B split across 5 or 6 banks. But yeah, they definitely could've split it better. "No more than $1B per bank" seems like an easy rule, and even maxing at $500M could be doable.
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