[op00to]

You don't know that a "certain class of society/account-holder is" being bailed out. Maybe you think it's likely, but the only people who really know the deal is the FDIC, and they seem confident that everything will wrap up cleanly.

[alistairSH]

FDIC typically insures up to $250k. The government is now doing a one-off (well, two-off) to make ALL depositors whole.

"People with in excess of $250k cash" is most assuredly a "certain class of society". Or, maybe a few classes - rich individuals AND small companies. In either case, both groups should be better diversified OR have insurance against banking losses. The FDIC limit isn't unpublished - it's well known among people with even moderate amounts of cash.

[op00to]

The FDIC limit comes into play when there are no underlying assets to distribute to depositors. If the bank has no assets, it's likely all you'll see is $250k.

If there are assets, they can be disposed of, and the depositors with over $250k can receive dividends. The fact that the FDIC is confident that the deposits will be available says to me they were able to successfully sell enough assets to ensure liquidity for whoever took over the deposits.

This isn't a "government two-off to make ALL depositors whole". This is how these bank failures happen.

[ClumsyPilot]

The class is quite clear -weathly and risk taking and/or stupid/doesnt read the fine print.

[miguelazo]

Umm, yes I do. I read the joint press release which stated exactly that.