Birdwatch Note Rating
2023-03-13 03:44:47 UTC - HELPFUL
Rated by Participant: 4CFBA3878262DF6F5B1148B10FA7C816A897FB44BB61428FD36BCB3771E06017
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
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