Birdwatch Note Rating
2023-03-13 05:32:52 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 10B253EC07A2AE2A7C0C210C156E6E75FF945DFD013D10BDAFB062F4AD44A315
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