Washington Mutual, Inc. (NYSE:WM), JPMorgan Chase & Co. (NYSE:JPM) and the FDIC Part 2 of 2

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We have Professor Jerry Hanweck, he is the chair of the finance department at George Mason University and a Visiting Scholar in the Division of Insurance and Research at the FDIC Federal Deposit Insurance Corporation from 2000-2007. Interview date September 26, 2008.

What happens when a failing bank's depositor accounts, up to the insured limit per account, are more than the FDIC's budget?