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In the previous thread, someone posted a video showing the process of the FDIC seizing the Heritage Community Bank in Chicago:

https://www.youtube.com/watch?v=KIh6NEBL8BU

It's pretty interesting.

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Thank you for that link, it was really fascinating. The Australian government guarantees deposits in the same way, but I never realised this was also true in the US. I had assumed during the mortgage crisis that people lost their deposited money when their banks failed.

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