Asking for deregulation when it suits you and government intervention when it suits you is like the right leaning version of the over-policed upper middle class suburb that's dotted with "defund the police" yard signs.
The people trying to play both sides as it suits them are just selfish and unprincipled and in both cases the movement they profess to support would be better off without them.
At some point a line has to be drawn. If you advocate for X or Y you cannot in good faith claim to be a member of political movement Z.
You’re asking for the insurance coverage to exceed what you paid for. If you insure a Bugatti Veyron with a policy that maxes out at $50k, that’s not the insurer’s fault.
There's no option to chose for better insurance otherwise I'd already have taken. The next best thing that's available is pulling out the money before everything goes wrong. Making better choices is the best insurance.
> There's no option to chose for better insurance otherwise I'd already have taken.
Sure there is. Pick a bank that offers more.
https://www.difxs.com/ "The DIF is a private, industry-sponsored insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at our member banks."
https://www.bankrate.com/banking/savings/ways-to-insure-exce... "Wintrust Financial has a business model that works well for excess deposit coverage. The company owns 15 separately chartered community banks in the greater Chicago area and Wisconsin. It offers the MaxSafe account, which allows an individual to insure up to $3.75 million by opening CD and money market accounts with Wintrust’s chartered banks."
If you're mega, mega wealthy, someone like Lloyds would probably be willing to write a bespoke policy.
You said "There's no option to chose for better insurance otherwise I'd already have taken" and "Making better choices is the best insurance". You're now arguing, it seems, the opposite.
If you think the FDIC will always insure depositors over their statutory limits, by all means, make that choice, but don't complain you don't have one.
you're just projecting your prejudices, you're assuming I'm complaining? It's funny because I'm not from the USA and I'm from a third world country where we had the same debate for those who take their money to overseas banks... My country has been having a non stop bank run over the last 20+ years.
The people trying to play both sides as it suits them are just selfish and unprincipled and in both cases the movement they profess to support would be better off without them.
At some point a line has to be drawn. If you advocate for X or Y you cannot in good faith claim to be a member of political movement Z.