Is FDIC Insurance Creating Systemic Risk?

Solicitor: "I'm not sure that the bank was entirely insolvent. It was just illiquid because the run was of an unexpected size" She says if you don't have an insured account, it doesn't mean your money goes to zero. But then you would lose everything only if you were so far down the list,. And there's an insolvency at play that you would actually not get paid out. So they're doing some stuff to make it look funny," she adds.