Birdwatch Note Rating
2023-03-13 17:23:18 UTC - HELPFUL
Rated by Participant: 9BC2D1593AB7C0D751DB41335645FD05DA844A34591182499E8F648303B2F2E0
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