Birdwatch Note Rating
2023-03-13 02:25:52 UTC - HELPFUL
Rated by Participant: 04E0788AD810050418BBEDAFD2481E90904248E2538D9D4DF90E461C3C37604C
Participant Details
Original Note:
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
All Note Details