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” Depositors shouldn’t get anything beyond the insured $250,000”. Then what do we do with the billions in remaining assets? Appropriate them, and leave small an
by bradleyjg 4y ago
” Depositors shouldn’t get anything beyond the insured $250,000”. Then what do we do with the billions in remaining assets? Appropriate them, and leave small and mid businesses hanged to dry?
“This is a bailout”. It would be if shareholders were to get their money back, which doesn’t seem likely. The government will use the bank assets to make customers, not owners, whole.
If the bank had sufficient assets to make all depositors whole the FDIC wouldn’t have stepped in. It doesn’t.
I assume, then, you agree uninsured deposits ought to take a haircut proportional to the shortfall?
If so, you have the same position as all the “salty” posters.