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mhoran_psprep
mhoran_psprep
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The FDICUS Government tries to get another bank to take over the failing bank before it completely collapsecollapses. That makes sure there money to makeIt avoids the depositors whole doesn'tsituation where the FDIC would have to come 100% fromcompletely replace the depositors money. The customers of the failing bank become customers of the combined bank. The FDIC only has to address any shortfalls.

Lets say the bank is worth $900 Million and the total deposits that are either under 250K or maxed out at 250K equals $875 million and the excess deposits are $25 Million. Then everybody is made whole.

Now lets say the bank is worth $900 Million and the deposits that are either under 250K or maxed out at 250K equals $975 million and the excess deposits are $25 Million. The FDIC kicks in $75 million, people who have excess deposits will lose money. When their account is moved to the new bank they will not have all their funds. In your case there will not be $300K there will be $250k.

The FDIC tries to get another bank to take over the failing bank before it completely collapse. That makes sure there money to make the depositors whole doesn't have to come 100% from the FDIC.

Lets say the bank is worth $900 Million and the total deposits that are either under 250K or maxed out at 250K equals $875 million and the excess deposits are $25 Million. Then everybody is made whole.

Now lets say the bank is worth $900 Million and the deposits that are either under 250K or maxed out at 250K equals $975 million and the excess deposits are $25 Million. The FDIC kicks in $75 million, people who have excess deposits will lose money. When their account is moved to the new bank they will not have all their funds. In your case there will not be $300K there will be $250k.

The US Government tries to get another bank to take over the failing bank before it completely collapses. It avoids the situation where the FDIC would have to completely replace the depositors money. The customers of the failing bank become customers of the combined bank. The FDIC only has to address any shortfalls.

Lets say the bank is worth $900 Million and the total deposits that are either under 250K or maxed out at 250K equals $875 million and the excess deposits are $25 Million. Then everybody is made whole.

Now lets say the bank is worth $900 Million and the deposits that are either under 250K or maxed out at 250K equals $975 million and the excess deposits are $25 Million. The FDIC kicks in $75 million, people who have excess deposits will lose money. When their account is moved to the new bank they will not have all their funds. In your case there will not be $300K there will be $250k.

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mhoran_psprep
mhoran_psprep
  • 145.3k
  • 15
  • 198
  • 410

The FDIC tries to get another bank to take over the failing bank before it completely collapse. That makes sure there money to make the depositors whole doesn't have to come 100% from the FDIC.

Lets say the bank is worth $900 Million and the total deposits that are either under 250K or maxed out at 250K equals $875 million and the excess deposits are $25 Million. Then everybody is made whole.

Now lets say the bank is worth $900 Million and the deposits that are either under 250K or maxed out at 250K equals $975 million and the excess deposits are $25 Million. The FDIC kicks in $75 million, people who have excess deposits will lose money. When their account is moved to the new bank they will not have all their funds. In your case there will not be $300K there will be $250k.