Birdwatch Note Rating
2023-03-15 02:07:42 UTC - HELPFUL
Rated by Participant: E5D3D3B662D55C076DF0AE21D502F775F89BDD0F6412705B820E753318F84110
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