Birdwatch Note Rating
2023-03-13 13:41:45 UTC - HELPFUL
Rated by Participant: F9BA0544FB2D46CF3937C0D4E24C3DA7B1376A7695546E6D6682A5A00BBABBF6
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