[P-Marlowe]

Apparently Bain Capital had an ownership interest in a bank that failed. I have no idea how Bain got anything based on this article.

For the life of me I cannot understand how or why the FDIC would bail out a bank or an investor in the bank. The FDIC exists solely for the purpose of protecting DEPOSITORS (not investors) to these institutions.

[DManA]

God knows what powers to spend money any of the bureauracries have. Their books are so bad it is impossible to audit most of them.

[wmfights]

For the life of me I cannot understand how or why the FDIC would bail out a bank or an investor in the bank. The FDIC exists solely for the purpose of protecting DEPOSITORS (not investors) to these institutions.

I read the entire article trying to figure that out and didn't see an explanation. My only guess is they deposited funds up to the maximum allowable using friends and family as beneficiaries. You are right the FDIC is the Federal Deposit Insurance Corporation. They take a premium from member banks and pay out on insured deposits.

I don't see how an investor with an ownership interest in a bank has that investment insured.