Birdwatch Note Rating
2023-03-13 06:00:36 UTC - NOT_HELPFUL
Rated by Participant: D64AEA67757AD342390DC93870CE634826F594F88642498C9A7742954F03ED8B
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