I have read the Dodd Frank act of 2010 allows “ bail ins”, and the $250,000 FDIC insurance has “ up to three years” to cover the failed banks losses OR until “ orderly liquidation “ can occur.
Can anyone confirm? Reading through the Dodd Frank act is an impossibility.
Bail ins….explained but not clear to me.
…. “Are Bank Bail-Ins Legal In the United States?
Bank bail-ins are legal under the Dodd-Frank Wall Street Reform and Consumer Act.
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Banks have the authority to use debt capital as equity to avoid failure. This includes capital from unsecured creditors, common and preferred shareholders, bondholders, and DEPOSITORS whose account balances exceed the FDIC-insured limit of $250,000.”
Failed Bank List
This list includes banks, which have failed since October 1, 2000.
https://www.fdic.gov/bank-failures/failed-bank-list
The Shocking Truth About the FDIC and Your Bank Deposits
Lena Petrova also has some good insight on the fdic:
Are Your BANK DEPOSITS FDIC Insured? | FDIC Insurance Explained
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https://m.youtube.com/watch?v=yWxpyrtKujM