Some truth... A bunch of skipping over inconvenient ideas. It's true that banks won't pay if they fail... until the FDIC steps in and covers the deposits. It's also true that the FDIC can't cover if a lot of banks fail, unitil the US government steps in and drops money from helicopters. If they are going to pay face value for worthless assets (TARP), they will surely step up and make the people who actually vote for them whole. They probably can't keep this up if it happens time and time again, but we aren't really close to a US collapse. They are working hard at getting there though. I doubt I'll live to see it though.