There are $20 trillion in USA deposits, and the FDIC cannot insure a significant fraction much less all of it. Half of all banks are already upside down on assets. The Federal balance sheet has run out of space to fund Buffett's endless irrational optimism.

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The FDIC actually has only about $100 Billion in insurance reserves, thats only about 1/200 or 0.5% of the deposits using your $20 Trillion figure. Although apparently the real number is supposed to be 1.27% This article is quoting me 128 billion in reserve, which would put the deposits at more like $10 Trillion rather than 20. But yes, very alarming no matter which of these number you want to use

https://www.brookings.edu/2023/03/21/how-does-deposit-insurance-work/