Birdwatch Note Rating
2023-05-02 01:32:10 UTC - HELPFUL
Rated by Participant: CEFA31382E5E7935582537E0D5959A58F2E19B3F66E04BD0DA18549878FB3088
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