Just to clarify, these depositors specifically exceeded the FDIC deposit insurance limit (250K), right? That isn't a new or unknown rule; either through ignorance or calculated risk, those depositors that exceeded the limit took a chance.
I don't disagree that something should be done in the future to prevent this, but when you gamble, sometime you lose.
I don't disagree that something should be done in the future to prevent this, but when you gamble, sometime you lose.