Birdwatch Note Rating
2023-05-01 23:18:51 UTC - HELPFUL
Rated by Participant: FD63AA1AFAB28362A262D1884E8DFE0B31AC7FD6771BCB78115FE041E79E6763
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