Birdwatch Note Rating
2023-03-13 15:41:42 UTC - HELPFUL
Rated by Participant: 554617897149D615AF03D99DBE229313BEB9B159EC7BB4A536E41289202C6FAF
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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