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<p>[QUOTE=&quot;Conder101, post: 2216327, member: 66&quot;]Frankly this sounds like an improvement.&nbsp; Under the current system any deposits over $250,000 in a failed institution would simply be lost.&nbsp; The description in the OP says</p><p><br /></p><p><br /></p><p>Note that is says NEWLY FORMED entities, not equity in the failing institution.&nbsp; What it does is creates new smaller institutions that hopefully will be more stable.&nbsp; You have not lost your uninsured deposits (which you would have), instead they have been changed to stock in other companies that can later be liquidated recovering your funds.&nbsp; This protects wealth not loses it.[/QUOTE]</p><p><br /></p>

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