> In the history of the FDIC, no depositor has ever lost money, regardless of balance.
This is false. No depositor has ever lost insured money. Uninsured money has been lost.
E.g., Washington Federal Bank for Savings failure in 2018 [0] has resulted in dividend payments for uninsured balances covering only 41.66% [1], and that took nearly three years.
This is false. No depositor has ever lost insured money. Uninsured money has been lost.
E.g., Washington Federal Bank for Savings failure in 2018 [0] has resulted in dividend payments for uninsured balances covering only 41.66% [1], and that took nearly three years.
[0] https://www.fdic.gov/resources/resolutions/bank-failures/fai...
[1] https://closedbanks.fdic.gov/dividends/bankfind/Dividendinde...