Near the end of her article she notes that the secured creditors get paid first.
Lowly unsecured deposits will be last. That’s us with a simple savings account or checking account. In major crash we will be the one SOL.
I don’t think any money should be guaranteed. If you put your money in a bank like the stock market and you lose it, that’s the risk you take. Sorry but it’s ridiculous for the federal government be involved in banking at all.