Birdwatch Note Rating
2023-03-13 05:41:54 UTC - NOT_HELPFUL
Rated by Participant: 0976004058458F3E9F3AC38E54116B9CA40CFB8BE3CA441FF74BD42E64ADFF36
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