Birdwatch Note Rating
2023-05-01 17:45:24 UTC - NOT_HELPFUL
Rated by Participant: 34924BBE1E30CAD01B6825DEE511FE7ABA5634FE7DB231B0E80EAD952A1F50A4
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