Birdwatch Note Rating
2023-03-13 09:00:29 UTC - HELPFUL
Rated by Participant: 5E609A1102B4C1A1EAAA111978C50E74D2D28A7D12B1CC0E25FAFFC189E6B6EB
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