> I'm not sure about that. As a depositor I put my money in an account and forget about it. We do have to put money in an account, right?
It would be preferable if the regulatory environment would make sure that you as a depositor have an incentive to hold the bank to account.
Yes, you shouldn't have to keep a weekly look on your bank's soundness. You should be able to outsource that burden easily.
Eg with FDIC gone, private deposit insurance would still be allowed. And of course, journalists would also still be allowed to report on banks. Those stories might have a wider audience than now.
It would be preferable if the regulatory environment would make sure that you as a depositor have an incentive to hold the bank to account.
Yes, you shouldn't have to keep a weekly look on your bank's soundness. You should be able to outsource that burden easily.
Eg with FDIC gone, private deposit insurance would still be allowed. And of course, journalists would also still be allowed to report on banks. Those stories might have a wider audience than now.