Birdwatch Note Rating
2023-03-13 22:21:19 UTC - HELPFUL
Rated by Participant: 513E05EFC8451B3156F05CE6533E8DFAA3CC98D95E923A8A9BF5A8F6B2613C14
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