I've read that what changed was the definition of "systemically important" which allowed access to that fund. I put quotes around "changed" for that reason. Ho

I've read that what changed was the definition of "systemically important" which allowed access to that fund. I put quotes around "changed" for that reason. However; if FDIC insurance is not now effectively unlimited, if the next bank that folds get the old limits imposed, then there's going to be some real shouting. And this method of raising those limits sucks and will almost certainly see court.