[shrimpx]

If the depositor wasn’t ok with that (presumably public) decision they should have pulled out then. Or pulled out when treasury rates started ticking up and the writing was on the wall. Alternatively, they should have bought private insurance for their money or structured their money in multiple banks.

[smfjaw]

I can only partially agree to this, they did a lot of creative accounting and weren't hedging their interest rate risk. Do you really expect a retail depositor to understand fully the implications of a large bank not holding adequate interest rate swaps? This seems like the perfect example where government oversight is needed as not everyone is an expert in this

[shrimpx]

Yeah although it's strange to assume something is "not risky" when you don't what it is. If you're ignorant of what it is, and your money depends on it, that seems like cause to be worried and want to hedge the risk.