Birdwatch Note Rating
2023-03-13 05:32:52 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 6009915F28A1AE61EEAFA0A7E81CADE211BE09CA1BAB231E0BFEB095E8686B45
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