Birdwatch Note Rating
2023-03-13 06:37:49 UTC - HELPFUL
Rated by Participant: D8CB13B3FA11885FAA70662BCD43E3EC6F54A5F49D2ECA175E7F9C2267764808
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