Birdwatch Note Rating
2023-03-13 10:43:38 UTC - NOT_HELPFUL
Rated by Participant: 9FE09C08042AB241D1E564280DC3D8D1BB18D5DB3D6A0374166F1C3D5F9CC876
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