Re:FBI Looking for Hashflare Victims
by JumpCrisscross on Friday January 06, 2023 @06:26PM
(#34282853)
> FDIC has already come perilously close to running out of money once. It can happen again
The FDIC is backed by the full faith and credit of the United States. It legally cannot run out of money.
Its fees are mostly an accountability mechanism on the bureaucracy. If the FDIC burns through its reserves and has to ask the Treasury for money, it failed at risk management. Some folks may get fired. But the bills will be paid.
The FDIC is backed by the full faith and credit of the United States. It legally cannot run out of money.
Its fees are mostly an accountability mechanism on the bureaucracy. If the FDIC burns through its reserves and has to ask the Treasury for money, it failed at risk management. Some folks may get fired. But the bills will be paid.