On: First-Citizens Bank to assume deposits and loans o...

[seurimas]

Point in fact, those were the rules. The DIF protected them past 250k. This was not an exceptional measure. Everything worked as intended.

[riffraff → seurimas]

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.