Birdwatch Note Rating
2023-03-13 06:06:25 UTC - HELPFUL
Rated by Participant: 693EB983F9B80A4A56EA724D32124F3E740EC44EFF5FFBC0258A9D70D8BD4C15
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