1.   But banks have received the most attention from regulators and from Congress because under federal deposit insurance, the government must reimburse depositors for losses if a bank failed.

2.   Financial institutions are required to contribute a certain percentage of their deposits, so the insurance system can reimburse depositors in the event that a bank fails.

3.   In effect, the government agency lets the owners of failed banks off the hook and makes taxpayers pick up the entire tab for reimbursing depositors.

4.   Moreover, to find money to reimburse depositors in failed banks, the fund is insisting that government spending be slashed.

5.   That way, the government would not feel obligated to reimburse every depositor if a bank failed.

6.   He said he was working on deal to reopen the two banks and on reimbursing their depositors.

7.   The bank was taken over by Industrial and Commercial Bank of China, one of four main state-owned commercial banks, which began to reimburse depositors.