Birdwatch Note Rating
2023-03-13 09:00:29 UTC - HELPFUL
Rated by Participant: 0433407041DFB73C9D89C33352C6B8636D5C189209D9EF519CA873EE98F74014
Participant Details
Original Note:
No money was given to the bank. All that was made was a guarantee that regular Americans (small business across the nation, and yes some large) that deposited their own money will be able to withdraw their money. FDIC is an insurance fund paid for by the banks themselves. https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/#:~:text=The%20standard%20deposit%20insurance%20amount,another%20separately%20chartered%20insured%20bank.
All Note Details