This isn't how this process works at all. Nothing precludes the FDIC from clawing back management pay if it was done illegally. > If we want government coverag

This isn't how this process works at all. Nothing precludes the FDIC from clawing back management pay if it was done illegally. > If we want government coverage then we should enact laws to cover this kind of thing We already have. The uninsured depositors will be repaid from premiums paid to the FDIC by the rest of the banking industry.