Birdwatch Note Rating
2023-05-01 15:12:14 UTC - HELPFUL
Rated by Participant: 45B8EF43682258D990F1C39DD9C1C131E030B7B116A1A874CAD37AED55F98C04
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