Make no mistake. This is a bailout of FDIC. FDIC is virtually broke. FDIC has something like 20B (remaining) to "guarantee" something like 5T in deposits. When the FDIC raised insurance limits to 250K, the fee to banks charged by FDIC was hiked. The banks (and recall all the approved applications for "new" banks) cried foul, we don't have money to pay increased fees. At the same time, banks massively increased credit interest rates and overall banking fees while freely promoting higher FDIC limits for deposit accounts with near zero payable interest rates. boo-hoo-hoo. http://www.reuters.com/article/companyNewsAndPR/idUSN0534223920090305