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In the FDIC case it shifts to the other insurance premium paying institutions. The taxpayer isn't on the hook. And SDC's assets are all seized. If there is any
by HWR_14 4y ago
In the FDIC case it shifts to the other insurance premium paying institutions. The taxpayer isn't on the hook.
And SDC's assets are all seized. If there is anything left after repaying the depositors, the shareholders will split it. But I wouldn't bet on it being positive.