Birdwatch Note Rating
2023-05-01 23:18:51 UTC - HELPFUL
Rated by Participant: 38D6E46624CE956827B6CDF21C7E56B075BC3BE4883B190B6FB7F2E429B435F9
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