I remember this guy (Jonathan Weil) from another forum I use to belong to. The discussion at the time (last year) in that forum was bank failure`s and the FDIC and someone posted an article by him, which at the time didn`t seem to jive with my understanding of the FDIC, then another member posted this rebuttal to that argument.
http://curiouscapitalist.blogs.time....ding-the-fdic/
It would seem that Jonathan Weil not only isn`t a CPA, he also dosn`t understand how the FDIC is run.