Birdwatch Note Rating
2023-05-02 05:15:08 UTC - HELPFUL
Rated by Participant: C491361EB49EFB1ACED3E074A5755A240840ABB72E23FDD1AD732560E79DB40A
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