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by freeone3000 1189 days ago
The money that they lose is going to be assessed on all FDIC banks. It doesn't come out of general government funds. So it'll probably be paid for by increasing bank fees on customers.
1 comments

According to the news reports the Fed are guaranteeing the loans, not the FDIC. I think you're talking about the stuff that they were originally saying over the weekend.
I think the press release is more accurate than the news reports, which are mostly quoting the press release badly.