Birdwatch Note Rating
2023-05-02 06:42:14 UTC - NOT_HELPFUL
Rated by Participant: 4881E743E2BBD7E453F1FE51A311DC169E115DFB96307CE41F452D143C2FCFCA
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