Birdwatch Archive

Birdwatch Note Rating

2023-05-01 14:18:38 UTC - NOT_HELPFUL

Rated by Participant: DD6EDB1C507351B617AFEA0D3031651EF2A7C63DBBEDDCCF07F8FF0DABAD6F21
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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