Birdwatch Note Rating
2023-05-02 02:36:40 UTC - NOT_HELPFUL
Rated by Participant: 7BEDBAE0233E6BDFC6CFB43AEA10722B161D9FEDC05F8D90553021A95BF248E5
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