Depositors received a benefit beyond previously promised insurance and benefits. Calling it a bailout or not is based on one's personal biases or semantics.
> Depositors received a benefit beyond previously promised insurance and benefits.
?? The FDIC has always made all depositors whole. They have never stuck to the 250k I don't know why people have the impression they are doing something different then they have always done in this case; I just it's just extreme ignorance?
As I have already pointed out to you elsewhere, this is a falsehood. The FDIC is not permitted to pay out beyond the $250,000 except if a "systemic risk exception" is made.
If you click on random banks in receivership, you can see the dividend payments made to depositors above $250,000.
They usually manage to facilitate a bank takeover which does that, or sacrifices only some portion of uninsured brokered deposits, but there are certainly plenty of cases where that is not the case.
