Birdwatch Note Rating
2023-03-13 17:12:10 UTC - SOMEWHAT_HELPFUL
Rated by Participant: B0214D11A2C24DE00E6E415EC4ED211F1218A6EA19C2092C000C0CAF1B21FB59
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