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Actually as far as I know nobody has lost any money out of their bank accounts. I'm under the impression (someone can correct me if I'm wrong) that banks which
by hugh3 16y ago
Actually as far as I know nobody has lost any money out of their bank accounts. I'm under the impression (someone can correct me if I'm wrong) that banks which have failed have had all their assets and liabilities transferred to another bank -- the FDIC limit hasn't come into play because the FDIC hasn't actually paid out any money.
- deleted 16y ago[deleted]
- jeffreymcmanus 16y agoNo, the FDIC has paid out many millions from the federal deposit insurance fund. Every time a bank fails, this find takes a multi-million dollar hit.