Birdwatch Note Rating
2023-03-13 05:04:55 UTC - HELPFUL
Rated by Participant: 519F122BD2963DA071F47EE74FACA8F9C1C6D67A05FC42CECE395A380495E676
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