Birdwatch Note Rating
2023-03-14 10:23:48 UTC - NOT_HELPFUL
Rated by Participant: A93586EA0AC98003942CD8FA65420FC1C0D112DCDB40D023CF7F5CC914BBA41F
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