Subject: Re: SVB bailout
Getting people to split that into 40 different $250,000 accounts is not only a pointless waste of their time, but it ends up guaranteeing all the money anyways.

I think there are some bank and brokerage accounts that split cash balances among multiple institutions automatically. IIRC, E*TRADE did this with my brokerage account at one point. Whether it actually created any increased safety for the account owner was unclear to me, but it seems like there might be a market for such things if they do offer additional protection without the hassle of managing it yourself.