Birdwatch Note Rating
2023-03-16 10:12:32 UTC - HELPFUL
Rated by Participant: F2AEA9ED3DA6400396C52D80A01F2228464500CE0542F165B3AF3D4B53E36320
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