chairperson sheila bair said on thursday... "no matter how challenging the environment, the fdic has ample resources to continue protecting depositors as we have for the last 75 years." source: sheila bair, fdic chair ♪fullscreen quote: "no matter how challenging the environment, the fdic has ample resources to continue protecting depositors as we have for the last 75 years." tom.. sheila bair went onto say - no insured depositor has ever lost a penny of insured deposits.. the fdic has been planning for future failures since the crisis began unfolding last year. in the second quarter, the agency had 42 billion dollars in its deposit insurance fund. thanks to banks paying higher premiums ... the fdic has been able to beef up that insurance fund considerably... from about 13 billion in march. the agency also has the ability to borrow a half trillion dollars from the treasury department if it has to. experts say it's a sizeable cushion... considering small and regional banks will continue to see losses from their portfolios... as