Yes. Though as a normative statement, I would prefer if they would abolish FDIC.
That way small time depositors are also drawn into the ranks of the watchmen of the financial system.
That way small time depositors are also drawn into the ranks of the watchmen of the financial system.
[study on financial literacy from 2022](https://gflec.org/wp-content/uploads/2022/04/TIAA-Institute-...)