[throwawaylinux]

> It shouldn't be up to depositors to do "due diligence" on their bank, making

It certainly should be if they aren't paying for their accounts to be insured. The government does not exist to prevent private companies from going out of business.

> sure they're compliant is exactly the kind of thing government is _for_.

And if regulations magically remove all risk, then insurance should be very cheap so no reason not to get it.

[Turskarama]

Ridiculous, how can the average person _possibly_ know if their bank is doing everything properly or not?

Even if they are when you open the account, how often should you check to make sure they still are?

If insurance is necessary then the banks should pay for it, then if they want to have lower insurance premiums it's up to them to lower their risk profile. Yes, they will pass these costs on to the customer, but banks with lower risk profiles will then be cheaper making them more popular, and increasing stability of the entire system.