Birdwatch Note Rating
2023-03-13 16:25:54 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 9812794613B0F9B6EEB046B391E5DF407AB66127AE6999A8393009C2B5A4D4A9
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