It's just insurance for your own account though. You pay to insure your car and you pay to insure your bank account.
As long as bank regulations are reasonably strict that this happens as infrequently as it does, ultimately having depositors foot the bill doesn't seem problematic.
It's more appropriate than taxpayers generally, and it can't be the bank owners because the whole point is they've already been wiped out.
As long as bank regulations are reasonably strict that this happens as infrequently as it does, ultimately having depositors foot the bill doesn't seem problematic.
It's more appropriate than taxpayers generally, and it can't be the bank owners because the whole point is they've already been wiped out.