Except, if we already had protections to prevent this from happening, then it wouldn’t have happened… Or at least the FDIC would have actually stepped in by now to pay everyone back and track down all the funds themselves.

Naw, they totally called it. Check out the Terminator 2 - 3D show that they used to have at Universal Studios (1996):

Edit (this video link is better): https://www.youtube.com/watch?v=KfvD6UlKSWw&t=1005s

https://www.youtube.com/watch?v=AIoeMLwEIDM&t=1204s