Let's see if I have this straight:
- In the middle of a banking collapse, in order to encourage depositors to leave their money in insolvent institutions, the Congress votes to raise the FDIC deposit insurance limit from $100,000 to $250,000;
- The FDIC says it needs to borrow money from the Treasury because more banks are failing than FDIC's present assets can cover;
- The US Treasury, itself bankrupt (approx. $14 - $20 trillion in debt), loans one-half trillion dollars it doesn't have to FDIC;
- Everyone lives happily ever after.