[Cletus.D.Yokel]

I understand but, to me, it is a matter of degrees.
FDIC money is no different than GMs quantitative easing “loan”.
It came with strings and Class A share-holders (a fiduciary contract instrument) were nullified.
“You can have this money and avoid bankruptcy if you stop making Oldmobiles, Pontiacs and Saturns.”

Full disclosure, my wife is C-level in the local bank.
RegCompliance.
She doesn’t like talking to me about FDIC regulations.

[greeneyes]

All government money comes with strings. So what? Why would the FDIC be any different?