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FDIC $250k is insured. Anything more, not 100%.
Why do those guys deposit in SIVB and not the “too big to fail” banks?
Why do those guys don’t observe the FDIC insurance guidelines?
They took risk! for more gains and other benefits. Gains they keep, losses socialized?
How do you manage money for even a small company? Let’s say have $10M cash? Maybe just a 50 person company. You want people to have separate accounts at 40 different banks?
Why not have accounts only at JPM? What if JPM don’t give you loans but smaller regional banks do? So you want all the regional banks to close and just have 3 big banks left?
It’s easy to say “eat the rich” to other people. Do you have your brokerage account at the “too big to fail” banks? If your brokerages go bust next Monday and your millions gone in seconds, do you continue to take joy in other people’s pains?
One must expect losses, nothing is guaranteed safe. Just do the necessary. Don’t keep asking me to think, I have thought about many issues… somehow you think I don’t think about those issues until something big happen. One should think about contingencies. There are many ways…
So if events turn out to be unfavorable, should just take personal responsibility. Socializing is not the solution.
We have governments because some tasks are too big and complicated for any individual. “Personal responsibility” only goes so far.
So you are asking random Joe who wants a checking account to read the 10K of a bank? To understand all the ins and outs of a bank’s balance sheet just to have a simple bank account?
Should we all become mechanical engineer and go check the structural stability of bridges we go past everyday? Should we do lab tests on restaurant food just so we don’t get food poisoned?
We have governments and regulations because we need to poll resources to make sure things work as intended. Banks are one of the most regulated industry. People are right to assume their banks won’t go puff in 48 hours, let alone a Top 20 bank.
The Top 3 banks have implicit government guarantee. We should make the guarantee explicit for all banks, in exchange we should tighten up regulations.
As expected, you bring in ignorance. Ignorance is not an excuse. Anyhoo, $10k is much less than $250k 
Government has already thought for these little guys.
Btw, try not use to analogy… always make me laugh about the inappropriateness of the analogy.
Up to the federal to decide.
OK. I see you know everything.
Next time please come check up my bridges.
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Enough said.
I agree. Understanding analogy requires some imaginations.
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Glad you realize the flaw of your analogy 
Btw, you also have pretty good imaginations in putting words in other people’s mouths.
No one in business playing the capitalist game should be bailed out ever period. There is no limit to bailout insanity otherwise.
NYCB is on the top 10 most dangerous banks list.
10 U.S. Banks That Could Be Risky Following SVB, which showing contracting margins over the past year, or the smallest expansions of margins:
Customers Bancorp
First Republic Bank
Sandy Spring Bancorp
New York Community Bancorp
First Foundation
Ally Financial
Dime Community Bancshares
Pacific Premier Bancorp
Prosperity Bancshares
Columbia Financial
If a brokerage goes bust you still own the shares you own; it will just take some time for the dust to settle. If you have cash at a brokerage you need to know where they have invested the cash.
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SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.
SIPC protects cash in a brokerage firm account from the sale of or for the purchase of securities. Cash held in connection with a commodities trade is not protected by SIPC. Money market mutual funds, often thought of as cash, are protected as securities by SIPC. SIPC protects cash held by the broker for customers in connection with the customers’ purchase or sale of securities whether the cash is in U.S. dollars or denominated in non-U.S. dollar currency.
Many brokerage provides more protection e.g.
In addition to SIPC protection, Fidelity provides its brokerage customers with additional “excess of SIPC” coverage. The excess coverage would only be used when SIPC coverage is exhausted. Like SIPC, excess protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. For example, fraud claims would not be covered if the brokerage firm was still in operation. Total aggregate excess of SIPC coverage available through Fidelity’s excess of SIPC policy is $1 billion. Within Fidelity’s excess of SIPC coverage, there is no per customer dollar limit on coverage of securities, but there is a per customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry.
Fidelity’s FDIC Insured Deposit Sweep Program details
In utilizing the Program, your uninvested cash balance is swept to a program bank where the deposit is eligible for FDIC insurance. If you have more than $245,000 in uninvested cash in your account, the Program maximizes your eligibility for FDIC insurance by systematically allocating this uninvested cash across multiple program banks. At a minimum, there are generally five banks available to accept customer deposits, making customers eligible for nearly $1,250,000 of FDIC insurance.2
Plan B if no buyer comes forward.
JPow saved the world from financial collapse that he had caused.
Another bank collapsed. Now will Fed raise 50bps in the next meeting or not?
