Birdwatch Note Rating
2023-03-13 02:59:48 UTC - HELPFUL
Rated by Participant: 6BDE97F57F18C42BE861BE23548492BF66B9B78B10A95E3A717E472B0E2916E9
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