I haven't been following it recently. FDIC insures all accounts (personal and corporate) for $250k ... so if a company had 30M in a bank that collapses .. they could stand to lose 29M+.

Typically the federal government steps in, stops transactions, and finds a way for the bank to get bought out by another bank to accept its liabilities and keep a cash flow. In 2008, this allowed major banks to buy smaller ones. PNC bought National City in Ohio for $5 billion .. and then got a $5 billion tax credit (they got to buy National City for free on the tax payers dollar).

There was an old video called Bank Eat Bank: Bailout Encourages Mergers. (Ivory. American News Project. November 21, 2008) and it use to be here: https://www.youtube.com/watch?v=_06mSZLhEhY but ANP deleted their account and it's gone now.

I have no idea what the fuck they're going to try to pull this time. My personal theory: FDIC insurance won't pay people back in USD but in some new digital currency and this will be what's used to move America off the green back.