@IAmSpartacus

There are reports that Biden's administration blocked exactly such an arrangement.

But yeah, to redirect money to bail out depositors who were irresponsible with their deposits is to encourage just more such irresponsibility in the future, setting up incentives for the next failure, and the cycle repeats.

We shouldn't be transferring resources away from the good actors like that.

It's another way to frame the public risk and private profit.