Birdwatch Note Rating
2023-05-02 05:15:08 UTC - HELPFUL
Rated by Participant: 4ECD545A90F3A24BF1219800F4744B3E35D51FF5451C334806CD2EDFB9858BC1
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