[Asparagirl]

One of the largest recent FDIC payouts was IndyMac. I'm not sure if this was the most recent one, but certainly one of the most recent big ones. They were so bad that no one wanted to take them over! And the other banks were in such a bad way at the time, the FDIC couldn't force through a shotgun wedding with a semi-willing suitor. So the FDIC got stuck with them.

But worse, thousands of the individual depositors and businesses who banked at IndyMac were over the FDIC limits and they lost, collectively, hundreds of millions of dollars. The FDIC insurance limit at that time was $100k per separately-named account per bank; it is now $250k. And the $250k raise was, in a surprisingly kind move, purposely made retroactive to help cover some of the losses that people had suffered during the GFC under the previous lower limit.

And still, despite all that, lots of people lost lots of money when the bank went under:

https://www.latimes.com/archives/la-xpm-2010-may-31-la-fi-in...