[Sirius Lee]

but it doesn’t change policy.

Once you've set the precedent you're changed the policy.

[avital2]

i think emergency powers cover this - FDIC in financial crisis extended insurance coverage to all deposits and that is not policy as stipulated in FDIC disclaimers. also they have latitude under 1991 FDIC Act to resolve emergencies in least costly manner. this backstopped 2 banks, not the whole system.