If the U.S. government guarantees all deposits from all depositors, including businesses, then that radically changes the moral hazard, doesn't it? I think what we need is some sort of like FDIC business class product that goes up to $10 million, $25 million. And in exchange for getting that, being able to offer that product, that business bank would have to meet much tougher requirements.
UnHerd's Freddie Sayers is joined by PayPal co-founder David Sacks to examine the fallout from the collapse of SVB Bank.
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