Birdwatch Note Rating
2023-03-14 15:51:16 UTC - HELPFUL
Rated by Participant: A121A031F89EEAB132CB5F293E998C481846B2F08B6864CE3BA84F26E6EF2BCB
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