Birdwatch Note Rating
2023-05-02 02:25:52 UTC - HELPFUL
Rated by Participant: 1338A4FCFCDA781226E6427042A0C16CAC3920B9C0533E02F9AF7679E0BB18AC
Participant Details
Original Note:
Banks, not taxpayers, pay to replenish the FDIC's Deposit Insurance Fund. According to an FDIC official, "Over the FDIC’s entire history, the banking industry itself has been responsible for the costs of protecting insured depositors and resolving failed banks." https://www.fdic.gov/bank/historical/crisis/podcasts/crisis-transcript-episode6-deposit-insurance.pdf
All Note Details