FDIC is in receivership of the bank, so they can sell off assets or do whatever ...

		mike_d on March 10, 2023 \| parent \| context \| favorite \| on: 30% of YC companies exposed through SVB can’t make... FDIC is in receivership of the bank, so they can sell off assets or do whatever they need to do to recover money to pay out depositors. If you had a million dollars and they are able to recover 90 cents on the dollar - your $100k "loss" would be covered by the insurance.