I should know

Time to Hoard Cash - Cramer's Mad Money (10/6/08)

The FDIC has a little less than 4/5ths of a cent on hand for every dollar of deposits and 1.25 cents for every dollar of insured deposits. There is approximately $45 billion in FDIC’s capital fund that would be used to payback or cover insured deposits totaling about $4.29 trillion. There is approximately $2.1 TRILLION in uninsured funds. I doubt that people would get a “warm & fuzzy” feeling if they new the facts and assessed the risk. Cash is king; real cash in hand.