Birdwatch Note Rating
2023-03-13 03:57:02 UTC - NOT_HELPFUL
Rated by Participant: E46CFAB7990613D92B86D163E6C9091FE7B7828D8111FE1ED7973503D9A5F344
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