Everything is not fine. 1) European banks are a disaster waiting to happen. If they do go down that could affect US firms that do business with them. A lot of those big shaky Euro banks are even fed primary dealers, NYSE members, COMEX members, etc. You might have counterparty risk with a firm like Barclays without even knowing it. 2) The US is rapidly becoming a post rule of law society. Much as the current adminstration is trying to "forgive" loans they have no authority to do, the gov't might simply decide to screw you over. Oh think you have a contract or that the rule of law protects your property? Try telling that to a landlord. It is much smarter to get you money out of a shaky bank than to blindly trust that insurance will protect you. https://thebusinessprofessor.com/en_US/banking-lending-credit-industry/bail-in-finance-definition https://infinitebanking.org/banknotes/from-bailouts-to-bail-ins-understanding-the-dodd-frank-act/