Jim Bianco tells regulators to offer unlimited insurance on bank deposits like they did in 2008 because '$250k is a made-up number'

• Jim Bianco urged regulators to offer unlimited insurance on bank deposits after SVB's collapse.
• The analyst said regulators needed to repeat their 2008 move because "$250k is a made-up number."
• Bianco also suggested that banks should increase interest rates they paid on deposits immediately. 

Jim Bianco urged regulators to offer unlimited insurance on bank deposits as they did in 2008 because "$250k is a made-up number."