Birdwatch Note Rating
2023-03-13 02:39:37 UTC - NOT_HELPFUL
Rated by Participant: 95AF44DE4CB59B3762B7DDDC12CD473B9EF4A97F48ABF0F6030FE01E8772636A
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