Birdwatch Note Rating
2023-03-13 02:37:51 UTC - HELPFUL
Rated by Participant: 3A9A6324B7A37D70CC081E9D3CA6BEF401A8A52C9DA8CC7039AB04DD70C3551D
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