There is no insurance fund for FDIC...

I found this to be a very interesting article. Basically, there is no more of a bailout insurance fund (FDIC) today than there was in 1901.:

http://www.thedeal.com/newsweekly/features/the-failure-option.php

Excerpt:
"The deposit insurance fund doesn't exist as a free-standing pool of money. Instead, it is a bookkeeping convention, like the Social Security Trust Fund.
The premiums banks pay to the fund are invested in U.S. Treasury bills, and, on paper, the fund grows with interest. In reality, the money is spent to help fund the federal budget. To cover the cost of the IndyMac bailout, the Department of the Treasury was forced to issue additional debt. Increased federal borrowing will also cover costs of future failures. Eventually, the industry as a whole must repay the federal government through higher annual premiums."