Birdwatch Note Rating
2023-05-01 15:23:48 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 68C36B6B91F430A32527121D615615A967B96D1D0DFA45F417AA7B918F7778E9
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