7 ms·
I believe the $250k limit is intended to encourage large accounts to invest in assets directly, and to have a limit to the FDIC liability in case of bank failur
by dsm4ck 4y ago
I believe the $250k limit is intended to encourage large accounts to invest in assets directly, and to have a limit to the FDIC liability in case of bank failure.
- madsbuch 4y agoOr encourage people to buy their own insurance for the uninsured part. We are all free to call up an insurance company to do that.