Yes, but how much did he move out in addition to the 50 mil? I bet he had the 50 mil in there because for some reason he was blocked from moving it. It's likely that he transferred all the money he could move before he advised others to do the same. He's worth billions. 50 mil is a small chunk for him.

Like everyone else, he was insured for the full amount in the end. Wasn't the "bailout" really about ensuring people with his kind of wealth are insured?