The Fed and FDIC are going to bailout depositors by guaranteeing that whichever bank takes them over won't lose money on the deal. That is, the assets might be

The Fed and FDIC are going to bailout depositors by guaranteeing that whichever bank takes them over won't lose money on the deal. That is, the assets might be worth 90% of the liabilities, and the insured accounts cover another 5%. So the FDIC and/or fed will cover the last 5% of the money owed to depositors. In part, by doing so quickly, they can have Monday morning a full guarantee by (huge bank) be the next news story. The stockholders are not being bailed out. They may get something back if the assets happen to exceed the liabilities. But I would need amazing odds of make that bet. I fully expect depositors to get made 100% whole, with something like 95% coming from existing assets/covered FDIC accounts and the remaining 5% coming from other entities.