[muzz]

Is your goal to eliminate risk, or to mitigate it?

If they had deposited that 3B in, say two banks rather than one, they'd have 1.5B in that other bank

[ZachPruckowski]

They actually had like $12B split across 5 or 6 banks. But yeah, they definitely could've split it better. "No more than $1B per bank" seems like an easy rule, and even maxing at $500M could be doable.