Economy

FarCenter

(19,429 posts)

46. IIRC, FDIC has a $500B LOC with Treasury

Thu May 17, 2012, 12:08 PM

May 2012

FDIC's web site says that it is backed by the full faith and credit of the US.

There is undoubtedly an Executive Order that could be used in a "national emergency".

Bear in mind that FDIC would not keep a TBTF bank from failing -- just pay the $250K guaranteed accounts.

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