“That’s how capitalism works”!!
Has he been scrolling r/antiwork and r/collapse, signing in at the Bear of Hex, keep a copy of the Communist Manifesto bedside?
Is this just a joke?
On a serious note, if it’s not, how far are the puppets in government prepared to go in what could be a cataclysmic moment of comeuppance for the Economic Terrorists of Wall St?
That is, in fact, exactly what a lot of companies in this space are doing IIRC. It's not hundreds, but still; look at this for example. They split those startups' money into nine 250k batches, ensuring at least 2.25m$ is protected. I found these guys randomly but I'm sure they're neither alone nor the largest.
I have worked for everything from Fortune 50 companies to startup. Almost no one uses CDARS or any of the alternatives. I've never worked anywhere that used it. $2.25M is one payroll cycle at a lot of medium-sized companies. Amazon does ~$1B every two weeks just to it's warehouse employees.