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Leshaches
There was an Ezra Kleine on this off the back of the SVB collapse.
The basic premise was that the Fed should insure all depositors. As it was broken down it seemed to make sense. If you know that your deposit is underwritten then there is no reason for a run, and the bank has a better chance of staying solvent. As it's the depositors who are protected you still let market hands fist shareholders if required.