Birdwatch Archive

Birdwatch Note Rating

2023-05-01 13:47:34 UTC - NOT_HELPFUL

Rated by Participant: A00DB40E73258521C2F1A181C266976CEC566580B45111856674F26B905DF2B8
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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