(03-15-2023, 08:42 AM)Lucky2Last Wrote: Who cares if the bank itself exists, Marty? Is the CEO going to get away with selling his shares and making a ton of money? Are the investors, who are the elite among us going to recoup all of their money, even though they know the FDIC only insures 250k? When are you guys going to wake up and realize there are two different standards for the elite and the rest of us?

You're confusing investors and depositors.  Those are not the same thing.  Investors are the owners (stockholders) of the bank.  Depositors are the customers of the bank.  Depositors are insured up to $250,000.  Investors are not.  Depositors are a wide variety of the public, including business owners who have cash in the bank in excess of the insurance limits.  Small businesses often have to have cash beyond the insurance limits in order to meet payroll and pay their suppliers.  Those people are innocent victims.  The investors, on the other hand, will probably be wiped out.  As for the CEO, I don't think he is going to get away with anything.

---