3 ms·
It is extremely rare for the us gov to bailout the _banks_. 2008 was an abnormality (and one that will be studied for a long time). The normal procedure is tha
by kasey_junk 2y ago
It is extremely rare for the us gov to bailout the _banks_. 2008 was an abnormality (and one that will be studied for a long time).
The normal procedure is that the blown up bank is sold to another bank and the _depositors_ are bailed out by deposit insurance.
There are ~4500 banks in the US and about 2 blow up a year https://www.fdic.gov/bank-failures/failed-bank-list https://www.fdic.gov/bank-failures/failed-bank-list