Scott,
That is what they are saying is that the FDIC is going to run out of money to insure the accounts. And if that is so, then they could very well start a run on the banks which is one thing that they don't want.
Also, since another bank bought the assets didn't you get some stock for that which you owned in the failed bank? It seems that you should have gotten some stock even if it wasn't much due to the new banks stock being worth more. This whole banking mess from Washington and Wall Street down has been a nightmare and I fear will get worse.
Ron
