This safety net was severely tested in the 1980s, when the savings and loan collapse cost the Federal Deposit Insurance Corporation—that is, US taxpayers—$250 billion, about $1,000 for every man, woman, and child in the country.
How much money did FDIC have at the time of S&L crisis? This wasn’t all funded by taxpayers, some of it came from banks paying into FDIC, right?
