4 ms·
Who pays for the losses on the failed bank? The FDIC? How much were the losses in this case?
by pkaye 7y ago
Who pays for the losses on the failed bank? The FDIC? How much were the losses in this case?
- CyanLite4 7y agoMost situations—another bank buys them. Sometimes with a deal sweetener from the FDIC (U.S. taxpayer). Extreme cases such as in 2007-2010 the Fed can offer financing deals for another bank to buy those distressed banks.