Birdwatch Note Rating
2023-03-13 06:37:49 UTC - HELPFUL
Rated by Participant: 08C7B1957D7521CB6311FC67ACDE5C8EC8D2C3859A886FFE7FCCC6A9DA3D26BF
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