Birdwatch Note Rating
2023-03-13 15:41:42 UTC - HELPFUL
Rated by Participant: 268269BBF0E4BDB09AC4923B9355F9AF421B551575CD68D81FF390C47D1F27F8
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