Birdwatch Archive

Birdwatch Note Rating

2023-05-01 13:44:50 UTC - NOT_HELPFUL

Rated by Participant: 71231A97BB1EB386A3B0CDB5A95301D3616AE1777716B7B63FDE1F09C8ECB312
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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