Originally Posted by tony404

I actually found this post on a mainstream site good points.:
The FDIC doesn't have any "money" but as long as it is funded by the taxpayer it will not be unable to service commitments. By way of perspective. in the 89-90 savings and loan fiasco over 1000 financial institutions collapsed, in the current crisis there may be 150 banks at risk.Take a deep breath the sky is not falling and capitalism is the only game in town, you can't win if you don't play.