Birdwatch Note Rating
2023-03-13 18:08:46 UTC - NOT_HELPFUL
Rated by Participant: 7A9CFD00F8A6AA26442D06C4CDB46FA77E778008DA2EC19ADDA088F0C287D70A
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