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Katie Porter: Taking Big Business to Task While Running for Dianne Feinstein’s Seat
On with Kara Swisher
Bankruptcy and the Reholds
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The general rule is if you have over $250,000 in your account, that amount is if you're insured and you will be made whole by the FDIC insurance fund. But if you have more, I never knew how many rich people I knew until Silicon Valley bank went under. And deposit insurance isn't free. It doesn't come from very dust. Food insurance comes from fees that banks pay in; they pay in an amount that is based on the $250,00 cap. So we will, if we decide to do this, if we empty the deposit insurance fund to cover everybody's amounts, we will have to replenish it. The first rule of banking is the customer
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