Tag: sense

Igor Fayermark, right, of the Federal Deposit Insurance Corporation (FDIC), leaves the headquarters of Silicon Valley Bank in Santa Clara, Calif., Monday, March 13, 2023. The federal government intervened on Sunday to secure funds allowing depositors to withdraw from Silicon Valley Bank after the bank's collapse.  Dozens of people lined up outside the bank to withdraw funds.  (AP Photo/Benjamin Fanjoy)
Posted in Business

Why insuring all financial institution deposits would possibly make sense

When you purchase a home with a mortgage, you want house insurance coverage. Not on one a…