Birdwatch Note Rating
2023-03-13 02:35:08 UTC - HELPFUL
Rated by Participant: 5FC420DAEC0AF6E4527C7EDE07AF4B45E21B173D1149ABCB792D56D59454A31B
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