[Kye]

This won't happen for the same reason people most don't just burn their house/business down for the insurance payout. People lose insurance all the time this way even if they're just unlucky. Like any insurance company, the FDIC can and will drop a bank and isn't obligated to insure a new one if it's run by unreliable people.

[pharmakom]

Insurance fraud is illegal. Running a bank on the edge can be done legally.

[Kye]

What you described would be insurance fraud. FDIC is insurance. It's the I in FDIC.