I think if a financial institution goes belly up the government...

I think if a financial institution goes belly up the government guarantees the amount of 20,000 dollars.

eg if u have a deposit of 100k the government will give u back 20k. Over a period of time i suppose if things get that bad.


But if the bank goes bust and u owe dough u still have to pay the full amount back.


Also financial institutions can recall loans at anytime that they feel necessary.