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by seurimas 1175 days ago
Point in fact, those were the rules. The DIF protected them past 250k. This was not an exceptional measure. Everything worked as intended.
1 comments

the FDIC itself called this a "systemic risk exception", but SVB and Signature were not considered systemic before this, and thus had not behaved the same as the systemically important banks.

I am not sure we can say anything worked as intended.