Birdwatch Note Rating
2023-03-13 03:41:38 UTC - NOT_HELPFUL
Rated by Participant: F930029D2EC10EB8BFC32C63BD324033BFDFA6301BC26429FFCA501D474A3F3D
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