Birdwatch Note Rating
2023-03-13 13:08:25 UTC - HELPFUL
Rated by Participant: D2FE8213692E4E648E998AD43FA239B0AD04A496E5BA52F6ABF530B7F76D15A3
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