“Banks in Distress: Is My Money Safe”

“In less than a week, the U.S. banking system has suffered two of the largest collapses in American history. Regulators shut down Silicon Valley Bank on Friday after customers rushed to withdraw their money as fears rose about the bank’s liquidity. Two days later, regulators shuttered Signature Bank following a similar run on deposits…

To prevent more bank runs, federal regulators quickly moved to insure all deposits at both banks – even accounts that exceeded the Federal Deposit Insurance Corporation’s insurance limit of $250,000. While the extraordinary action meant customers could take some comfort from the government intervention that effectively removed the cap on the FDIC’s insurance limit of $250,000, some banking stocks have plunged in recent days amid fears of ongoing instability…”

 https://finance.yahoo.com/news/banks-distress-know-safety-money-172504871.html

Normal people are insured up to 250k that wasn’t the problem with these banks failing. It was the people and businesses with more than that amount in their account. Many of them had great losses from what I understand. Also there’s been talk about bail-ins but I highly doubt there will be. Why because any bank that attempts it in this day and age is insane. This isn’t the 1930’s. The internet exist. If someone loses their life savings, and decides to go postal, the shareholders and CEO’s are 1 google search away from total destruction. If I was a banker I wouldn’t do it at least. I like living.

This is the reality. No bank will be stealing money form normal people in mass. The flow of information is to easily accessible and there’s to many guns in America.