re: I believe you and Mr Marsby are mistaken
The FDIC raised the insured limit from the long term value of $100,000 to $200,000 or $250,000. Given that all people had to do was split their assets between banks I do not see that the government should have increased it's exposure without making preparations to handle the increased risk. The issue was preventing a run on Banks, by private individuals, I never claimed otherwise.
Regards,
Mark