At $250k coverage per account the $33B covers 132,000 account holders. At $500k coverage per account the $33B covers 66,000 account holders.
So by my calculation, if there are between 66,000 and 132,000 account holders affected by a few major banks going down then everything will be fine. Of course there will need to be a refilling of the FDIC insurance coffers after such a take down.
Everything and everyone now subordinates to derivative liabilities (financially speaking). The FDIC will be on the hook for any and all losses as these liabilities are systematically removed from bank balance sheets.
Countries have legislation in place to absorb this risk in the event a derivative meltdown occurs. Credit markets are shaky fear index's are moving up and big money is exiting the markets leaving retail exposed. Citigroup Crominbus wasn't an accident it was an insurance policy putting tax payers on the hook. That's my opinion anyway