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> in 55 failures since IndyMac of banks with total deposits over $1 billion, uninsured deposits were fully protected against any loss. The largest failure, Colo
by zrail 4y ago
> in 55 failures since IndyMac of banks with total deposits over $1 billion, uninsured deposits were fully protected against any loss. The largest failure, Colonial Bank, had $20 billion of deposits, including an estimated $4.4 billion of uninsured deposits.
https://www.cato.org/commentary/fdic-invents-costly-solution-imaginary-problem https://www.cato.org/commentary/fdic-invents-costly-solution...
- SecretDreams 4y agoMeanwhile, svb had north of 160bik deposits with an estimated 93% uninsured. Scope is a bit different.
- zrail 4y agoThe article goes on to note that when FDIC wound up Wachovia in 2008 there were $130Bil in uninsured deposits and all of them were made whole.