If my math is right the FDIC had ~$128 billion on hand to cover 19 trillion of deposits. The FRC deal cost the FDIC $13 billion which means we now have ~$115 billion at the FDIC to cover $19 trillion of deposits or something like a 0.6% coverage.

Meanwhile we're also handing FRC to JP Morgan with undisclosed terms from the FDIC.

And people still think bitcoin is a scam. lmao people have no fucking idea