Citibank, Wachovia, WAMU or JPMorganChase tanks? What will the FDIC do then? The $48 billion dollars they have in their pot will get stretched m-i-g-h-t-y thin. If memory serves me correct, I believe the FDIC can run to Congress for another $50 billion on an emergency basis. But since Citi still has an incredible amount of garbage floating off the books in SIVs (up to $1 trillion), even $90 billion will mean little trying to shovel up the mess from that disaster in waiting.