Birdwatch Note Rating
2023-05-01 15:23:48 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5D51FB2224F9D86B083F20893E75BB6BACD972CFEF4324208678FE08DCE57137
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