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No. The banks are charged for that insurance. They provide the funds. There is no bailout. Using the equity buffer for coverage is _the whole point_.
by the_optimist 4y ago
No. The banks are charged for that insurance. They provide the funds. There is no bailout. Using the equity buffer for coverage is _the whole point_.
- anon291 4y agoThe premium is set for 250k. Not unlimited. I'd have no problem with unlimited insurance schemes for deposits so long as the premiums are priced to reflect that
- the_optimist 4y agoThe FDIC has not identified any loss assistance required for the “unlimited” guarantee. That is: the equity buffer covered it.