Birdwatch Note Rating
2023-03-13 16:19:46 UTC - NOT_HELPFUL
Rated by Participant: BA804E4DCA381D7257B01E6137C7A94FE6BFFEF22B7FC3D22B189288BA760740
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