Birdwatch Archive

Birdwatch Note Rating

2023-05-01 13:38:56 UTC - NOT_HELPFUL

Rated by Participant: 5D91105FB8D0F392F08FB75B552221D8CF4E40BC254959EB3CE2930DA5E23F2B
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

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Original Tweet

All Information

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