When banks go bust who pays?

The question is whether the Fed would see depositors as “systemically important,” but the rush to compete for deposits shows that they are. Arguably deposits are the people’s weapons of mass destruction: pull them and the banks go down. The banks need our deposits; and we need the sort of self-sustaining financial system in which money, credit and banks are treated as public utilities, accessible by and accountable to the people whose full faith and credit backs them.

Source: What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk – scheerpost.com