Birdwatch Note Rating
2023-03-13 17:46:56 UTC - NOT_HELPFUL
Rated by Participant: 070CCDC8D69338B729D71F68BA6CCCD6DA3867C15B1FB4C5603A7A38D4EFD0BE
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