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The FDIC Insurance Limit
"It's stunning how ignorant a lot of tech people are on anything outside of tech," he says. "They have like no conception of this stuff and try to reinvent it from first principles" The FDIC knows what they're doing, but some VCs don't seem to understand the playbook for dealing with big bank failures such as this one,. He adds: "I found funny that half these dudes are committed libertarians."