was the whole coinlab/gox deal bringing in wall street hype?

[notig]

When I first heard about this....... it remember reading that one of the reasons it would attract "institutional" investors is because the money deposits (in dollars) would be insured.

However, I've read this isn't actually the case. The cash deposits are still not going to be sured. (I can't cite where I read it I just remember it )

so if that is true how would it attract institutional investors? would ach transfers just be quicker that is all?