They were largest failures not largest banks failing.
Correct. The comment I responded to claimed unlimited coverage was limited to the Big 5. We're less than a year from non-TBTF (we let them fail for god's sake) non-big-five banks (a) failing and (b) receiving unlimited depositor coverage.
> That said, the FDIC ignored their playbook and rules to try to calm things down last March.
There's the SOP and there's what they did, there was no relation between the two which means we have no clue what they might do next time.