Re:Ask HN: What do you think of YC asking for SVB depositors...
by criddell on Tuesday March 21, 2023 @10:38AM
(#35246833)
What would the consequences be of not making SVB depositors with more than $250k whole?
If a person or company has millions of dollars in the bank, then maybe it should be up to them to choose a bank that offers higher insurance levels or purchase private insurance? Or maybe the FDIC insurance levels could be higher for banks that are more conservative? For example, if a bank follows Canadian banking regulations, maybe the FDIC could cover deposits up to $10 million.
If a person or company has millions of dollars in the bank, then maybe it should be up to them to choose a bank that offers higher insurance levels or purchase private insurance? Or maybe the FDIC insurance levels could be higher for banks that are more conservative? For example, if a bank follows Canadian banking regulations, maybe the FDIC could cover deposits up to $10 million.