Up to this point it hasn’T been “might” get bailed out. It’s been “WILL” get bailed out. The EU has pre empted the Russians by suddenly changing the MO. The Russians did not expect the 100,000 threshold so did not go the multiple small account route. I find it funny so many conservatives defending the Russians in their stealth takeover. I for one am happy to see them blocked.
The 100,000 deposit guarantee threshold came into being several years ago and was no secret so to say anyone is surprised by the existence of it is nonsensical.
If there is proof of illicit funds being laundered there are legal means to pursue the matter without seizing funds on a vague pretext and violating the trust upon which the banking system depends and functions.
This is the thing that so many fail to grasp in rushing to scapegoat depositors.
Deposits do not make banks insolvent. The lack of them does.