Birdwatch Note Rating
2023-03-13 02:26:05 UTC - HELPFUL
Rated by Participant: F26DB6EE406A772B9DE419594A9CDC4CBE25AC7492DB5CF9034EB51CA335939F
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