mercyandgrace

Deaf = hearing impaired. Dumb = speech impaired.

What do you find so offensive about the "/"?

>It's RAID for banks.

Just wanted to say this is such a great analogy. Thanks.

> Because the message here is that they will be criminally charged, if they don’t honor the election and the peaceful transfer of power.

With something completely unrelated? That's a concerning viewpoint.

>The question is in what way(s) does it matter whether deposits are insured without limit in a single account, which is new, or with limits when spread across an arbitrary number of accounts, which isn't?

It matters because only 1 (SVB) bank failed. If those depositors had their money swept across multiple banks this point would be moot.

Edit: If deposits are spread about multiple banks, the FDIC does not need to carry as large of a balance to cover the loses of any single bank, which results in less indirect fees to depositors of different banks.

This is it. I run oil mostly, but have a propane fire place insert in the event of a power outage. While it is insuficient to heat my entire home, and every pipe in my house may burst from the cold, at least my family will be able to stay warm.

>But I'm pretty confident that "put today's gas furnaces in everybody's home" is the appropriate way of attacking that problem.

Did you mean "is not". And I never suggested this. But certainly there are vulnerable populations that should be considered.

If the purpose of this legislation is to improve "indoor air quality", as another poster suggested, why not educate the populace and allow them to make the decision for themselves?

Very true. But that is not the only alternative gas heating appliance available either.

Looks like the AVG low in the Bay Area is about 45? I suppose that isn't that cold, however, in the event of an extended electrical outage, those with gas appliances can still heat their homes. Those without cannot. I think the merit of the parent comment still stands.

I live in New England and utilize heating oil primarily. Even that won't work without electricity.

I'm not sure I'm following. If the FDIC only needs to insure 1/400 of all deposits, then they only need to have on balance 1/400 of the total funds. So the cost to all accounts is in effect 1/400, no?

If customers are only utilizing a single bank, and the FDIC will insure all deposits regardless of amount, they would need 400 times as much than would be necessary if the balances were swept.

Insurance only pays out to $FDIC_INSURANCE_LIMIT if a bank fails. I can't say what the scenario looks like where 400 banks fail simultaneously, but I can image it would not be good. I'm not sure the current FDIC payout models account for that, either.

Twitter <> Yoel Roth. It's clear from the emails attached in the link that there were other people within Twitter being contacted.