Birdwatch Archive

Birdwatch Note

2023-03-13 01:57:08 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

While the FDIC is backed by the full faith and credit of the US Treasury, it has never used a Treasury line of credit in its entire existence. Of the two times it has run out of bank-paid insurance funds, it has used its own funding or borrowed from the Federal Financing Bank. https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation

Written by 547B46B38A1CB3060240F9F561852ADB212E08AA27CDAE1D9BE8DDCD9A5D2518
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• noteId - 1635097631734255617
• participantId - 547B46B38A1CB3060240F9F561852ADB212E08AA27CDAE1D9BE8DDCD9A5D2518
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• createdAtMillis - 1678672628709
• tweetId - 1635048172480516098
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 0
• misleadingFactualError - 0
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• misleadingUnverifiedClaimAsFact - 0
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• notMisleadingClearlySatire - 0
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• summary
• While the FDIC is backed by the full faith and credit of the US Treasury, it has never used a Treasury line of credit in its entire existence. Of the two times it has run out of bank-paid insurance funds, it has used its own funding or borrowed from the Federal Financing Bank. https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation