Birdwatch Note Rating
2023-05-01 20:37:25 UTC - HELPFUL
Rated by Participant: 386CBA97FA2604BB5BFB206F36315DCC46BA97CE97CBFEFADC262EEDFBA93D1A
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