> but the gaping hole in the books was filled due to government intervention and explicitly lifting the 250K FDIC limit. That's not the correct analysis. It w

> but the gaping hole in the books was filled due to government intervention and explicitly lifting the 250K FDIC limit. That's not the correct analysis. It was a liquidity crunch, not a "hole" in the sense of a debt. In some sense the bank always had the assets, just not in a form they could pay out as a withdrawal. So when everyone wanted out at once they ran out of cash and got seized by the FDIC. That's not to say there won't be any losses at all. There likely will as the successor bank liquifies holdings and makes whole the folks who want out. And yes: those losses are (as reported currently) not going to be borne by depositors at all. Currently the idea is that they'll be rolled into fees on other banks, which is part of the FDIC insurance regime. So we all collectively pay for it, just not via taxes per se.