[gdubs]

I’d love someone who knows the details to explain how that claim process would work, because while the FDIC would insure in the event a bank goes under, in that scenario there’s usually records.

What would happen if there were no records? Surely there’d be lots of people making significant deposits in between snapshots. If you’re “paperless” I’m not even sure how you’d reconstruct your balance.

Would certainly be time consuming, and in this case time would certainly be money.

[Aloha]

You presume the live system is the only record - its not, there are backups of those, then historical records to reconstruct what might have been there.

Bear in mind the live records are only one part of what a bank keeps.