Birdwatch Note Rating
2023-03-14 12:46:59 UTC - NOT_HELPFUL
Rated by Participant: CEA341683A55DEE563E5A195A5184DC2C3E2CD20C8CE1BA9CC253B6277065861
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