Birdwatch Note Rating
2023-03-13 02:39:37 UTC - NOT_HELPFUL
Rated by Participant: 735CE5611F5264FE2F168B39682A44DCD6EE4049C3EFC07F6A5E8E13C85D4B88
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