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Congress would have given the FDIC a blank check if they needed.
by polski-g 4y ago
Congress would have given the FDIC a blank check if they needed.
- JumpCrisscross 4y ago> Congress would have given the FDIC a blank check if they needed Congress already did this. The FDIC reserve fund is mostly an accounting and accountability thing. The act creating the FDIC gives it the explicit backing of the United States’ “full faith and credit.”