I don't know where this idea that "Everyone who has ever banked at a bank that went bust has gotten 100% of their money back" came from, but I keep seeing it in

I don't know where this idea that "Everyone who has ever banked at a bank that went bust has gotten 100% of their money back" came from, but I keep seeing it in SVB-related discussions, so thank you for correctly citing IndyMac. ("Everyone who has ever banked at a bank that went bust has gotten 100% of the money FDIC guarantees" is correct, but that's not what they're saying.) Given that more than 90% of SVB accounts are larger than $250K, this is especially relevant!