Two Big Ideas for Preventing Another Banking Crisis

nytimes.com/2023/03/18/business/dealbook/banking-crisis-svb.html

Last year, Marc Lasry, the owner of the Milwaukee Bucks basketball team, revealed that its star player, Giannis Antetokounmpo, at one time had been putting his money in 50 banks, with no single account holding more than $250,000. Why? Because Antetokounmpo wanted every cent to be insured by the Federal Deposit Insurance Corporation. And $250,000 is the cap on insured…

This story appeared on nytimes.com, 2023-03-18.
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