Birdwatch Archive

Birdwatch Note Rating

2023-05-01 14:14:31 UTC - NOT_HELPFUL

Rated by Participant: 98D2DF086F122D0C68E1E67B3750B52763453F8A5C1A1F0883BE88CC2633857B
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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