Birdwatch Note Rating
2023-03-13 02:55:48 UTC - NOT_HELPFUL
Rated by Participant: C98CEE3F2E66E72726CD7AD409074665313A54ABB141644DE5419482795A7FEA
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