[shrimpx]

This is an implicit argument for de-privatizing banking. There is inherent risk of losing your uninsured money when you lend it to a private company. If all deposits were to be fully insured we’re talking public banking, or much worse, private for-profit banking that is fully de-risked by taxpayers, incentivizing execs to make arbitrarily risky decisions and, basically, freely take however much money they want from tax coffers.