Birdwatch Note Rating
2023-03-13 04:17:03 UTC - NOT_HELPFUL
Rated by Participant: 5711E27499CD0DEB320DFCBACA81F14A8E41D374D1B726D45448167AEADD1F7D
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