Bail-In vs. Bailout

``We see this all the time. On a Friday afternoon at the close of business, the FDIC seizes a bank. The shareholders are wiped out, the books and records of the bank are carefully maintained so that they can be converted, and the new bank or new banking system opens for business on Monday morning. The insured depositors are completely covered, and the transition is nearly seamless. Announcements of this type of activity occur frequently in the US and cause no particular market reaction.''