All uninsured depositors can get FDIC insurance if they want to. The idea that you would oh everybody would freak out and go to the Too Big to Fail banks is just a bad idea, he says. Dodd-Frank put higher prudential requirements on the big banks so when JP Morgan wanted to do the same thing it's lookin Valley Bank wanted to do they couldn't. If this is kind of like all sort of stupid and very irritating why not let people open an account at the Fed for safekeeping?