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I'm not, because I know the federal regulators have strict requirements for these banks and will bail them out if they did somehow fail for being a "systemically important bank." I'm not qualified to evaluate the soundness of a bank, and neither are the rating agencies (as 2008 showed), so I'm going to go with the banks I know the federal government will backstop.

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> so I'm going to go with the banks I know the federal government will backstop.

Sure, there's nothing wrong with that. It's still a nonzero risk, of course.

But it's also not necessary. You don't have to assess the soundness of the bank yourself, really. You can bank with pretty much any random bank and get the same level of safety. You just have to actively manage your risk, is all.

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