Birdwatch Note Rating
2023-03-15 05:14:01 UTC - NOT_HELPFUL
Rated by Participant: 059EDE0FD4D34ACFE05703F6115F301BADBC55D1034ADA52CEFDCEC856D5C343
Participant Details
Original Note:
FDIC insurance only covers $250,000 per depositor, per bank. So any amount over that limit would be uninsured. For businesses that typically hold millions of dollars in SVB accounts for payroll, etc, the large majority of their money would not be insured by the FDIC. https://www.fdic.gov/resources/deposit-insurance/faq/index.html
All Note Details