Birdwatch Note Rating
2023-03-13 02:21:56 UTC - NOT_HELPFUL
Rated by Participant: 86D3CAC9AB0690E362D7570A2E6CB3CB957E8624C1424FD1B71B86031D10EAD6
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