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.
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.
E.g. https://closedbanks.fdic.gov/dividends/bankfind/Dividendinde...
Sunrise Bank of Arizona depositors received 91.747% of their uninsured amounts. This is a typical outcome.
Then you can find other banks, like Enloe State Bank
https://closedbanks.fdic.gov/dividends/bankfind/Dividendinde...
where the total paid was 39.662%.
> I just it's just extreme ignorance?
You should really educate yourself before you claim others are exhibiting "extreme ignorance."