FDIC insurance, if my bank goes bankrupt due to bad investments, does FDIC insurance cover me?

My understanding is that it does not. When does FDIC insurance pay out, can you give me an example.

Usually only up too 100k per account..

If your bank fails the FDIC will guarantee your money up to $200,000 in any one account.

To the best of my knowledge it is $100,000 per person, per bank. and $250,000 for an IRA.. I think a couple with 2 accounts. I.E. one checking and one savings can be insured up to $200,000.. If you have more than $100,000 put some of it in multiple banks.. Also be sure that if you are for instance buying Cd's you leave room to account for the interest earned at each bank.. If you had an original amount of $100,000 in a CD for 5 years you could loose your interest if the bank failed.

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