Normal Bank Failure
Slate Money
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Deposits Over $250,000 Are Not Insured
Right now there's no good reason for anybody to have more than $250,000 on deposit. You can keep your money in treasury bills which are just as liquid as a deposit account and you can earn 5% on that. Silicon Valley Bank was a kind of outlier on this that you had these startups and these venture capital companies just having millions of dollars in the bank because they were Silicon Valley. Even through the rest of the country roughly 50% of deposits that basically every bank in the country uninsured.
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