Toothless Tiger

Now the FDIC gets a bailout.
The dirty secret no one tells you is that even with additional borrowed funds, the FDIC is physically unable to guarantee all depositors. The bald fact is there is not enough money in the pot. Citibank alone would require over $1 Trillion dollars in a true run on the bank. BofA would need roughly $1 Trillion as well.

Let's not even mention the fact that the FDIC's new money will be borrowed from an insolvent institution...