Birdwatch Note Rating
2023-03-13 02:07:12 UTC - HELPFUL
Rated by Participant: 73A6CAC7C1E2585BE0293A3A0BF1B34E669D61ECFBF26A2C9FAF20611520F358
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