Birdwatch Note Rating
2023-03-13 19:23:29 UTC - HELPFUL
Rated by Participant: FEF3858CDF9AAE55A865EF2E341228F4F291EB3C0619B03D0A0D4658D8572E40
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