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by mlyle
1197 days ago
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> The question I have is do some of the proceeds of the liquidation get used for $250,000 insurance payout first? Yup. FDIC gets the bank, and has to pay the insured amount. Then, the remainder must be managed for the benefit of depositors, other creditors, and shareholders. Any shortfall of the insured amount can be paid from the deposit insurance fund. > Or do the tax payers get to help? The FDIC deposit insurance fund is paid for by banks. |
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