That is what is implied by the policies we have in place today. I don't believe your intelligence is measured by your bank account, that is the whole point of the comment.
The criteria for accredited investors is a very crude way to address this problem by reducing blast radius; we could come up with something more convoluted like requiring a minimum amount of bond posted to act as a floor (similar to how non-insured people driving cars works in some states) but the effect would be roughly the same.
A Keystone Cops level of professionalism displayed by the central bankers at the time.
Lords of Finance - https://www.amazon.com/Lords-Finance-Bankers-Broke-World/dp/...