Banks pay the FDIC for insurance. That would be true if only insured deposits were made whole. That's not what happened though.

> On March 12, 2023, a joint statement was issued by Secretary of the Treasury Janet Yellen, Federal Reserve Chairman Jerome Powell, and FDIC Chairman Martin Gruenberg

> stating that all depositors at SVB would be fully protected and would have access to both insured and uninsured deposits

> Regulatory filings from December 2022 estimated that more than 85% of deposits were uninsured.

Where'd that come from? Surely not the government?