Monthly Archives: March 2023

Free Coverage for Wealthy Depositors



Robert wonders why deposits for bank account holders in excess of $250,000 are insured despite exceeding the explicit limits of coverage and despite no premiums having been paid on those excess deposits. Are those depositors more important to the economy than the rest of us? Maybe “taxpayers” won’t pay for the Silicon Valley Bank bailout, but everyone who uses the banking system will. Is there a difference?