Igor Fayermark, right, of the Federal Deposit Insurance Corporation (FDIC), exits the Silicon Valley Bank headquarters in Santa Clara, Calif., on Monday, March 13, 2023. The federal government stepped in on Sunday to guarantee funds for depositors to withdraw from Silicon Valley Bank after the bank collapse. Dozens of people waited in line outside the bank to withdraw funds. (AP Photo/Benjamin Fanjoy)

As a result of it would make sense to insure all financial institution deposits

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In case you purchase a house with a mortgage, you want dwelling insurance coverage. Not on one a part of the home, however on the entire. But you’ll be able to put cash in a financial institution and have insurance coverage on solely a fraction of it and for those who’re wealthy, solely a fraction …

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