Switching to another elephant...lets see how this goes.
nvidia: we are very concerned that if you donβt add 2fa to this account we forced you to make, criminals might download these free drivers without giving us accurate marketing demographic details
your bank: sorry, what? you want two tractors?
Been seeing a lot of talk about what DID happen with Silicon Valley Bank, and the ways it is similar to, and distinct from, a bailout.
But I've seen very little discussion on the "what if we didn't?" angle.
What would be the potential economic fallout of depositors only being insured to the FDIC minimum? Perhaps I'm naive, but it seems like this would largely only affect VCs and large businesses.