Birdwatch Note Rating
2023-03-13 02:34:53 UTC - NOT_HELPFUL
Rated by Participant: 250D985544E436C57D142889065C84BBB6A41C26854C717DD23A7CD95A3B051B
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