Birdwatch Note Rating
2023-03-13 15:47:30 UTC - HELPFUL
Rated by Participant: 47668FAD089ACBC94F6BE492E414B4D6D9467C7069D020B1A0D1A346905A9CF2
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