Birdwatch Note Rating
2023-03-13 17:51:16 UTC - NOT_HELPFUL
Rated by Participant: CB7F2FD389755233C920138E4196B001E2EC60F38105461713DF0177486E9295
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