Hacker News new | past | comments | ask | show | jobs | submit login

I don’t know why you’re being downvoted - it’s the only thing that makes sense. If the fed doesn’t, then we’ll just see a huge boom in middlemen offering accounts that automatically spread across 250k chunks behind the scenes. They already exist as a niche product, but would become mainstream with more failures. Either way the fdic is insuring the same total amount of money, so may as well cut out that inefficiency and overhead of forcing everyone to have spreaders.



Or they just close that loophole? Why is that allowed in the first place?


Then they would immediately start a run toward Treasuries.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: