The FDIC brings actions against professionals who have acted negligently and contributed to the failure of an insured institution.

FORBES: Is The FDIC Protecting Banks From Bad Press?

The government has limits on how much money you can stash in a FDIC-insured institution, and it is important to know them.

FORBES: Leaning on the FDIC When it Matters Most: Insured Deposits

The money was going from one federally insured institution to another.

FORBES: Deja Vu

All of these accounts are FDIC insured. (You can check whether an online savings account is FDIC insured at the official FDIC institution directory.) All info is current as of 26 June 2011.

FORBES: Best Savings Accounts for 2011

On the one hand, this split separates the toxic assets, whose value is very uncertain, in an institution that has no insured or guaranteed liabilities and poses no systemic risk.

WSJ: Banks Need Fewer Carrots and More Sticks

It started as a benign institution, and like today, insured loans and offered some down payment relief to borrowers.

FORBES: Meet The New Subprime: It Will Cost Us Billions