Bank Failure - Is your deposit Fully Insured?

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]As big financial institutions crumble and banks fail, it's natural to be concerned about the fate of our hard earned money placed "safely" in the custody of a bank's checking account, savings account, or a certificate of deposit. More often than not we rest assured that our deposits (up to 100k) are FDIC