More on US Treasury examining unlimited deposit guarantees if bank crisis worsens

News on this from earlier:

• US is examining ways to guarantee all bank deposits

It put a rocket up equities (well, got a pop out of it):

• US equity index futures jumped on Globex on the FDIC 'guarantee all deposits' idea

Bloomberg had the report, but its gated. Ungated info is here at Dow Jones' Market Watch:

• The possibility of unlimited deposit insurance has been raised in Congress recently, though how to pay for it remains to be seen.

Yeah, paying for it would pose a challenge. As posted earlier:

• US bank deposits are around US$18 tln
• The FDIC insurance fund is around US$125 bn
• The FDIC insurance fund is unfunded

Via some scallywag on Twitter: