Birdwatch Note Rating
2023-05-01 14:14:40 UTC - HELPFUL
Rated by Participant: 490281E66D3AD22B4B2FBC9AFD3626361F8CA5838F71B7A220AB7ED6C33741E4
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