Biden (etc) will say that it's important to EXCEED the $250K limit for this bank, because of <<insert garbage reason here>>.
Oprah, Harry, and others will be made completely whole, and receive hundreds of millions of FDIC dollars...each.
They will get away with this because the normies do not pay attention until they are personally affected.
And once the 'widespread banking collapse' happens, there will be nothing left in the FDIC coffers.
It will already have been distributed to Oprah, Harry, and other billionaires.
Sound theory?
Call it a theory of you want, but big tech is exactly who they are in bed with so it is completely reasonable to think this is what is happening. I will believe this is the current operation until proven otherwise.
The real deal at the end of this is that those dollars won't be worth anything so bailouts don't mean much except in the short term. Hyperinflation is likely in our future...