[unkus]

Any idea how much money is “supposedly” set aside in the FDIC to cover these things? Or, is the FDIC even supposed to cover this?

[sten]

I believe the FDIC is broke at this point... and we aren’t supposed to notice. Why? Because anyone receiving money from the FDIC is getting straight from the printer... This is why gold is going up like crazy

[javachip]

Per the latest FDIC CFO Report, at the end of June, the FDIC insurance fund was $10.4 billion.

In addition they had loss reserves of $18.3 billion - $8.0 b for future failures and $10.3 b to cover expected costs of banks that had already failed in '09.

Yes, the FDIC does need to cover the insured deposits in a bank failure. The bank that takes over the failed institution often picks up at least part of the tab.

If the FDIC fund were to/has run dry, there is no doubt Treasury will extend them a credit line.

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