Birdwatch Note Rating
2023-05-01 17:45:24 UTC - NOT_HELPFUL
Rated by Participant: 6B62BBAF1A39C2939FD6C51A40C5D144ED6B75C2CC0F5E4F0D7FE77C55CB8E84
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