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Replying since I can't edit: FDIC is issuing a Receivership Certificate which I am assuming has first cut priority so it does not appear to be a bail-in. Debtors and equity will get hosed, as it should be, hopefully they can avoid a bail-out as well.

Edit: I just noticed that it says that in the link of the thread. I'm tired and I didn't read it carefully, my mistake.



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