Birdwatch Note Rating
2023-03-13 02:26:05 UTC - HELPFUL
Rated by Participant: 4FBF060EB3FE9A299A59116163F278809E240F14941910EED7322547F9AB2E7E
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