[HWR_14]

What company is big enough to insure a $230 billion payout if just one bank fails, let alone more than one?

[ivalm]

But you don’t need to payout $230B, assets didn’t go to 0. You need to payout like $30B, or whatever the difference between assets and liabilities.

[HWR_14]

Even $30B (as a single claim) would be difficult to handle. Again, name a company you would trust to hand over that much money then and not topple over.

[selectodude]

I could see the re-insurance market being able to float it but it would probably work under an excess balance fee >$250,000.