Birdwatch Note Rating
2023-03-12 20:02:45 UTC - NOT_HELPFUL
Rated by Participant: DFCA9E9EB59F0BCC501C014B4B3018E0F7C12F6E4457A62083E0A25FEFF8BC20
Participant Details
Original Note:
Depositors with over $250k in their accounts are generally well aware of FDIC limits, as are CFOs who have a fiduciary duty to be thus aware. The risk is well understood. These informed depositors chose to take on that risk for what they perceived as compelling reasons. https://www.fdic.gov/resources/deposit-insurance/faq/ https://www.fdic.gov/resources/deposit-insurance/financial-products-not-insured/#01 https://news.yahoo.com/svb-depositors-investors-tried-pull-013220358.html
All Note Details