I hope you enjoyed the irony of invoking the FDIC to justify why people "own" money that they've deposited in checking accounts as much as I enjoyed reading it. Banks used to shut down all the mfing time without making their depositors whole. The reason that's more or less stopped (in the US) is not because of some moral awakening that somehow missed the social security administration. It's because we regulate banks better.

PS: congress is just as capable of shutting down the FDIC as the SSA