[hizanberg]

No idea, how many? Up until now I would've thought keeping your money in a bank was the safest liquid asset class.

Is 250k the threshold where you need become a financial bank analyst and independently validate US Banks liquidity tolerance to withstand variable economic conditions? If that's the case everyone's just going to consolidate to using a top 3 bank when exceeding that limit.

[bradleyjg]

Up until today that was the threshold. This FDIC limit is printed on every document from every bank, so you should have seen it before.

As of today the rules were changed in the middle of the game and there is no limit. Must be great to have powerful friends.

If that's the case everyone's just going to consolidate to using a top 3 bank when exceeding that limit.

So what? How is this worse than the status quo?

[hizanberg]

> Up until today that was the threshold. This FDIC limit is printed on every document from every bank, so you should have seen it before.

Right, so you are saying every person or business that reaches that limit needs to become an independent financial analyst on a bank's liquidity.

> As of today the rules were changed in the middle of the game and there is no limit. Must be great to have powerful friends.

What a condescending toxic tone, you're blaming the people and business that maintain their savings in failed banks for their failure? and accusing them of being apart of some interconnected powerful network of friends that's somehow instructed the FDIC to step in to strengthen public confidence in the US banking system?

> So what? How is this worse than the status quo?

If you can't see the problem with all but the 3 top US banks failing and forming an impenetrable oligopoly free from competition, nothing else needs to be said.