FDIC has recently announced that deposits in foreign branches of US banks are not insured, that they are not eligible for insurance.  I'm betting that somebody somewhere was likely depositing in those foreign branches thinking that they were covered by FDIC when they are not.

When I first heard it I got the impression they were prepping for something, perhaps prepping to step aside and leave somebody swinging in the wind the way the stock market officials and that insurance plan stepped aside in the wake of Jon Corzine's damage.