Birdwatch Note Rating
2023-03-13 16:27:53 UTC - HELPFUL
Rated by Participant: 6E1B9F648BF49C8B293C4A3DA5F9EA98D239A1268EDC6CED2D92F835002F78E8
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