Birdwatch Archive

Birdwatch Note Rating

2023-05-02 06:42:14 UTC - NOT_HELPFUL

Rated by Participant: 87B1B3E6ED66565305BBCE21861536C228D19BEC52A1AADC21EB08D70B1A55B3
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

Original Tweet

All Information

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