Birdwatch Note Rating
2023-03-13 15:54:05 UTC - HELPFUL
Rated by Participant: 3F4D364A3C7511E1C7BC3346F1E5B7D991C844178D8158672EEEE6E34F823CF5
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