Birdwatch Note Rating
2023-03-13 03:46:20 UTC - HELPFUL
Rated by Participant: 7C12532402EDD4CA485A2C705087F3E3E40D4E49E45AFACF7174A20470174AA9
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