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by lazide 1197 days ago
Honestly, this is generally the way the FDIC has done it. I don’t recall any uninsured depositors at Wamu getting screwed either in ‘08.
1 comments
RC_ITR 1197 days ago
Because they got bought.

Uninsured Indymac depositors got $0.50/dollar and usually, an uninsured depositor at a small bank can expect $0.60-0.75/dollar.

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lazide 1196 days ago
Yes, and the FDIC brokers those sales rapidly and with vigor.

If someone doesn’t want to buy a small regional, it’s because the FDIC didn’t care to make it happen. Which isn’t surprising if there is no systemic risk involved.

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