Birdwatch Note Rating
2023-03-13 02:59:48 UTC - HELPFUL
Rated by Participant: 0B8A87D5AB323B0DE82741D907CA558BDE6F4DD397B2F7E0A742A191F589AE7B
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