Birdwatch Note Rating
2023-03-13 16:25:54 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 72B76DCAF88797DA16A68A597AE5DD3391036DED95CE8FC38BBC134FFF6959EE
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