Birdwatch Note Rating
2023-03-13 02:35:08 UTC - HELPFUL
Rated by Participant: B2895A2651EB658B776EA8D7540AA8ACA8F25B756AB27E969FFBD967BDBF3C8A
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