The FDIC is funded from the Banks it serves. The money that they have collected in the past has served them well, but we are in a new situation where we have a Depression far greater than the previous one of the 1930's. If there are any more levies piled upon the banks, more banks will fail and that will deplete FDIC funds further. The FDIC will have to go to the Government and ask for some new start up cash to carry them further. The smaller banks can not afford their FDIC "Dues" any longer. As of late, the FDIC has been responsible for numerous bank failures.A banker friend of mine told me the FDIC is nearly broke. The center, it seems, will not hold.
Time to stock up on canned goods yet, I wonder?