Birdwatch Note Rating
2023-03-13 02:54:46 UTC - HELPFUL
Rated by Participant: FDE4C5F5B12C09236F809D4AF2BD9908282C5DBCAA9D42A73A63C5EBD801302E
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