> In theory, VC's, investors, and founders are considered to be "sophisticated" investors. However, they deposited a significant portion or all of their money...
Depositors are not investors. They don't have equity in the bank.
You're supposed to do your research on a business when you invest in it. You're not supposed to have to do research into a bank's financials when you're just using it as a bank. You're supposed to be able to trust government regulators.
It's the same way you're not supposed to have to research the construction of each bridge before you drive over it.
Depositors are not investors. They don't have equity in the bank.
You're supposed to do your research on a business when you invest in it. You're not supposed to have to do research into a bank's financials when you're just using it as a bank. You're supposed to be able to trust government regulators.
It's the same way you're not supposed to have to research the construction of each bridge before you drive over it.