|
|
|
|
|
|
by rtkwe
1186 days ago
|
|
|
At the time it's probably the level that covers most people's deposits. It's pretty rare for a person to have >250k in pure savings deposits so setting it at that level protects most people lessening the pressure causing bank runs. It doesn't work so well for banks like SVB where a few huge businesses make up a majority of their deposits. 250k probably still covers 90+% of people in the US. |
|
|