Birdwatch Note Rating
2023-03-13 22:08:50 UTC - HELPFUL
Rated by Participant: 1230719B9293D0EB7A3477F7830DA71A06608A0772F42EC5DEED622DD958D562
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