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notafraudster | 3 years ago

It looks like since 1/1/2014 (convenient stopping point for my scrape), FDIC takeovers resulted in an average of 76% of what's owed paid out (range 0%-98%). My guess is the <50% payouts were mostly fraud rather than a situation like this where it's a more traditional liquidity event, so I'd suspect it'll be above average, probably in the 80-90% range.

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tialaramex|3 years ago

That's disappointingly low. 0% is what you'd expect from an entirely unregulated "bank" which failed, so regulators were completely ineffective. Does the US just not bother actually having and enforcing capital requirements on banks?