I had about $4-5K at Countrywide Financial and when it became bankrupt. I recovered all my money thanks to the FDIC. I didn't encounter any problems when recovering the money, but that was probably because I was far under the FDIC limit.
I wonder what would have happened to my deposit if it had been above the FDIC limit of $250K. If I had $300K in deposits when the bank failed, would I have lost $50K? If the FDIC recovers the bank's assets, will those assets be used to pay depositors who were above the FDIC limit?