<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>oarabbus_</author><text>Let&amp;#x27;s not act like Circle&amp;#x27;s options were either to put 3 billion in one bank, or open 1200 accounts at 1200 banks.&lt;p&gt;-Purchase high-limit cash insurance from a Reinsurer like Lloyds of London or Berkshire Hathaway up to their underwriting limit, perhaps $100M. Do this across 4-5 different banks with 4-5 different reinsurers.&lt;p&gt;-Put the remaining $2-2.5B into mixed US Treasuries of varying maturities</text><parent_chain><item><author>popol12</author><text>What if you have 3 billions to deposit, like Circle ? Open 1200 accounts in 1200 different banks ?</text></item><item><author>Ekaros</author><text>Chose to exceed that and also not diversify at the same time. In my mind they have only themselves to blame. They could have gotten one or two more accounts if they are legitimate businesses.</text></item><item><author>briHass</author><text>Just to clarify, these depositors specifically exceeded the FDIC deposit insurance limit (250K), right? That isn&amp;#x27;t a new or unknown rule; either through ignorance or calculated risk, those depositors that exceeded the limit took a chance.&lt;p&gt;I don&amp;#x27;t disagree that something should be done in the future to prevent this, but when you gamble, sometime you lose.</text></item><item><author>garry</author><text>The equity holders and management of SVB are likely to be wiped. In the petition we specifically call this out: we are not asking for their risks to be &amp;quot;socialized.&amp;quot;&lt;p&gt;Depositors have a reasonable expectation that when they choose a bank (especially a publicly traded bank that is regulated) that their deposits are safe. If this is not true, then most people will only bank with the largest banks. That&amp;#x27;s not a good situation.&lt;p&gt;We&amp;#x27;re asking for depositors to be made whole and for regulation to prevent this from happening to depositors in the future.</text></item><item><author>axlee</author><text>110% agree. At some point, risk HAS to be treated as what it is, risk, rather than just &amp;quot;another way to do things&amp;quot;. We have so many banks treating risk as what it is, and pricing for it, well these people decided to go to another bank to get funding, well deal with it. It&amp;#x27;s not like the average citizen has this luxury.</text></item><item><author>nocoiner</author><text>LOL, nope. Not interested in taking another spin on the “privatize gain, socialize loss” merry-go-round.&lt;p&gt;The banks had to be saved in 2008 because they were, like, the financial system. I don’t see why private companies and funds that are much less integral to the functioning of the economy as a whole should be saved by the public fisc.&lt;p&gt;Sorry about your disruption.</text></item></parent_chain></comment><story><title>Urgent: Sign the petition now</title><url>https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>isignal</author><text>Just buy us treasuries. There is no rule that you have to have cash at a bank.</text><parent_chain><item><author>popol12</author><text>What if you have 3 billions to deposit, like Circle ? Open 1200 accounts in 1200 different banks ?</text></item><item><author>Ekaros</author><text>Chose to exceed that and also not diversify at the same time. In my mind they have only themselves to blame. They could have gotten one or two more accounts if they are legitimate businesses.</text></item><item><author>briHass</author><text>Just to clarify, these depositors specifically exceeded the FDIC deposit insurance limit (250K), right? That isn&amp;#x27;t a new or unknown rule; either through ignorance or calculated risk, those depositors that exceeded the limit took a chance.&lt;p&gt;I don&amp;#x27;t disagree that something should be done in the future to prevent this, but when you gamble, sometime you lose.</text></item><item><author>garry</author><text>The equity holders and management of SVB are likely to be wiped. In the petition we specifically call this out: we are not asking for their risks to be &amp;quot;socialized.&amp;quot;&lt;p&gt;Depositors have a reasonable expectation that when they choose a bank (especially a publicly traded bank that is regulated) that their deposits are safe. If this is not true, then most people will only bank with the largest banks. That&amp;#x27;s not a good situation.&lt;p&gt;We&amp;#x27;re asking for depositors to be made whole and for regulation to prevent this from happening to depositors in the future.</text></item><item><author>axlee</author><text>110% agree. At some point, risk HAS to be treated as what it is, risk, rather than just &amp;quot;another way to do things&amp;quot;. We have so many banks treating risk as what it is, and pricing for it, well these people decided to go to another bank to get funding, well deal with it. It&amp;#x27;s not like the average citizen has this luxury.</text></item><item><author>nocoiner</author><text>LOL, nope. Not interested in taking another spin on the “privatize gain, socialize loss” merry-go-round.&lt;p&gt;The banks had to be saved in 2008 because they were, like, the financial system. I don’t see why private companies and funds that are much less integral to the functioning of the economy as a whole should be saved by the public fisc.&lt;p&gt;Sorry about your disruption.</text></item></parent_chain></comment><story><title>Urgent: Sign the petition now</title><url>https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/</url></story>