> Because the bank was insured by the Federal Deposit Insurance Corporation (FDIC), the FDIC "absorbed the $47.1 million loss"
> Right now, it's unclear how or when victims will be repaid for losses. Broomes ordered "that restitution be finalized at a separate hearing within the next 90 days," the US Attorney's Office said. Many victims will never fully recoup losses to their life savings and retirement funds
Can someone explain how are these two statements compatible?
> Right now, it's unclear how or when victims will be repaid for losses. Broomes ordered "that restitution be finalized at a separate hearing within the next 90 days," the US Attorney's Office said. Many victims will never fully recoup losses to their life savings and retirement funds
Can someone explain how are these two statements compatible?