Birdwatch Note Rating
2023-03-13 02:55:01 UTC - NOT_HELPFUL
Rated by Participant: 3A9B6D3195524C245A4C520807FFF24737F4E3F21962868B268E05D9A9349B23
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