Birdwatch Note Rating
2023-03-13 16:02:25 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FFC355D67C0436A6A7023C13B2D3107A3AB3CBED63B0088AAA0D36D2D32985AE
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