Like I said before, I had money in failed S&Ls in the 1990s. It’s not a big deal. When there is a failure the receiver comes in and runs the bank like before without disruption. They then sells the assets of the bank with any short covered by the taxpayers.
Even if FDIC becomes insolvent, Congress will enact a bailout plan such as RTC to run and liquidate the banks. Just make sure that your funds are FDIC insured.
If we go the way of Argentina, then kiss the future of your kids goodbye. As far as I know, Tango and the night-life are still thriving in Buenos Aires. They are still having fun down there.
