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That's literally what FDIC does it. It guarantees the first $250K, and sells the failed bank's assets to cover as much as possible above that amount. It's not a
by Denvercoder9 4y ago
That's literally what FDIC does it. It guarantees the first $250K, and sells the failed bank's assets to cover as much as possible above that amount. It's not as if all deposits are completely gone now, most commentary I read expects that at least 80% or so will be recovered, it might just take a while.