@MadMadMadMadRN @ddayen Deposits are incredibly concentrated in actual fact, at TBTF banks. Megafirms don’t split their billions into $250K/account. They bank with Chase or Citi. Eliminating with more assurance the deposit insurance limit allows smaller and regional banks to compete on a more equal basis with the “systematically important financial institutions”, making more likely actual deconcentration of deposits from TBTF banks. /fin