Is the FDIC Taking Over Signature Bank?

Marcus: People may have forgotten kind of how it works and how the FDIC knows what it's doing. It used to be pretty common but it hasn't been post crisis to see a bank fail and get taken over so I think people may have forgotten, he says. Marcus continues by asking why would the government have to take it over if the deposits are the backstop? Couldn't the bank just use this new Fed program to borrow all the money it needs to pay the outflow of deposits? Another good question. You see this quite a lot in finance where you solve the problem going forwards for every other bank. If you're first republic or if you're Pac West you get