Did you forget about your own claims dude? I was not talking about privatizing profits, which you obviously failed to see, but was talking about just one particular example of socializing losses, i.e. socializing bank debts. Nevertheless, I'm pleased that you finally looked at what Google says about this notion.
Your claim was that if FDIC fund was insufficient the Fed would print money to lend them. This is already not true. Credit comes from the Treasury who can not expand money supply
Even IF this was true, then its the FED that holds the debt not the public.
IF the FDIC is borrowing from the public then the public is holding debt making it an asset for the public (not a liability).
Debts & losses are not same things. Loss refers to income. Debt refers to asset / liability. You can't use these terms interchangeably unless you don't understand accounting
Please, if you have a point then explain yourself instead of giving straw men