The FDIC is backed by the full faith and credit of the United States and just li... | Hacker News

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		tomjen3 on Oct 6, 2011 \| parent \| context \| favorite \| on: Why Germany seems not to want a quick fix for the ... The FDIC is backed by the full faith and credit of the United States and just like no politician will vote to reinstitute the draft, no politician will do anything but prioritize those payments very, very high.

tsotha on Oct 7, 2011 [–]

There isn't enough money. It isn't like they could just issue a few bonds and cover the shortfall.

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