Birdwatch Note Rating
2023-03-13 19:23:29 UTC - HELPFUL
Rated by Participant: BE4250E11E2B46089930ECC4BD6C4021630FCFC7EB445608C21341C5062D6DED
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