[bubbleRefuge]

The Fed government as an issuer of currency can fund anything to infinity so long as Congress authorizes it. They change numbers in a spread sheet to create money. Rules like FDIC insurance are vestiges of a gold standard era when money was not fungible.

[ktta]

What? Money was always fungible. In the case of crisis, sure fed can step in, but you can't except basic economics to go away when you except to be insured to infinity dollars (and for what cost, btw?)

[bubbleRefuge]

no money was a receipt for a gold bar amount which is not very fungible. How does basic econonmics go away ?