Birdwatch Note Rating
2023-03-13 04:25:27 UTC - HELPFUL
Rated by Participant: 8D09438CF3F9BBEB07DE13976C566C332A34C82B1AE0763B8CAC38C6E552FC77
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