<|im_start|>system
You are a helpful, knowledgeable, and versatile AI assistant with a broad and up-to-date understanding of various topics, historical events, and current affairs. Provide factual, insightful, and well-structured responses.<|im_end|>
<|im_start|>user
Analyze and summarize the following news-like text snippet: 
The good news first: Those headlines screaming that the Federal Deposit Insurance Corporation will run out of money soon are flawed.
The FDIC may be short on cash. According to its Web site (www.fdic.gov), it indeed had "extraordinary losses stemming from write downs" totaling $3.6 billion, and during the second quarter, the fund balance declined "from $13 billion to $10.4 billion." That number was derived at by subtracting liabilities from $64.8 billion in cash and other assets. Obviously, this leaves the agency less room to maneuver on its own while confronting, as of last count, 416 banks on the "problem list."
However, Congress earlier this year gave the FDIC authority to borrow up to $500 billion from the Treasury, if needed. Furthermore, although there is some debate whether there exists a statutory guarantee by the United States government for all of its commitments, it would be politically unthinkable to not have taxpayers serve as a stop-gap for any losses larger than that amo...<|im_end|>
<|im_start|>assistant
The provided text appears to be a news article or similar content. A brief summary could be: The good news first: Those headlines screaming that the Federal Deposit Insurance Corporation will run out of money soon are flawed.
The FDIC may be short on cash. According to its Web site (www.fdic.gov), it indeed had "extraordinary losses stemming from write downs" totaling $3.6 billion, and during the second quarter, the fund balance declined "from $13 billion to $10.4 billion." That number was derived at by subtracting liabilities from $64.8 billion in cash and other assets. Obviously, this... (Further analysis would depend on the specific query.)<|im_end|>
