Is FDIC Insurance a Perverse Incentive to the Markets?

The banking industry as a whole with the same long term treasury bonds are there's $620 billion. They're in the hole of unrealized losses to the same problem that they're having at Silicon Valley Bank and JP Morgan. So bailing out these specific banks is kind of bailing out the rest of the sector as a whole. And it really gives a perverse incentive to every FDIC insurance in general.