Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Swedish pension giant loses $1.1 billion from US banks’ collapse. Parent comment
1. (Main reason) We insure deposits is to keep bank runs from happening. That's why it was done here.
2. Insuring stocks costs more money, and creates far more moral hazard.
3. Most people/companies have far more diversified stock portfolios than deposits.
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1. (Main reason) We insure deposits is to keep bank runs from happening. That's why it was done here.
2. Insuring stocks costs more money, and creates far more moral hazard.
3. Most people/companies have far more diversified stock portfolios than deposits.