Birdwatch Note Rating
2023-03-13 03:46:02 UTC - NOT_HELPFUL
Rated by Participant: 21D7CDE4DA91B8F44C528CBC12116ADF1F4666754E71BF05AA7D4E63676FC2D5
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