Birdwatch Note Rating
2023-05-01 16:04:49 UTC - NOT_HELPFUL
Rated by Participant: 5282A54D1495FEDC1D86F84FA8981A5DD109B6E0E81B847085ECE34034EADEB7
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