Depends on who's gambling.Yup, easy to gamble if you have a safety net.
The execs and bank shareholders get wiped.
Depositors are made whole.
The only unusual part is covering deposits above the $250,000 guarantee limit, and that's out of the insurance fund the banks paid into, not general funds.
This was a bank run (liquidity crisis) rather than insolvency (capital crisis). Poor inflation-risk management, rather than the bank holding assets whose value disappeared outright as in '08.
The bank's new owners (another bank that agreed to buy it) have sufficient capital to keep it running.