Birdwatch Note Rating
2023-03-13 03:17:22 UTC - HELPFUL
Rated by Participant: EA73FFA82DE3EBBB0A580DBC5FFC3D66288AA6FF7953B9F0845C0A2F2E528DB9
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