The FDIC isn’t public money and there is no congressional appropriation for it. FDIC is funded by bank premiums. Sure if the FDIC goes bust in a massive financi

The FDIC isn’t public money and there is no congressional appropriation for it. FDIC is funded by bank premiums. Sure if the FDIC goes bust in a massive financial implosion the feds will backstop it, but in such a disaster almost no private orgs have the resources to backstop it. This sounds like an uninformed libertarian rant.