Birdwatch Note Rating
2023-03-13 03:39:13 UTC - NOT_HELPFUL
Rated by Participant: 2FFED769DA713EEC227A8A925BE54E102FE3BC47BF42BDCF8FC3509C143ECCFB
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