Birdwatch Note Rating
2023-05-03 03:20:27 UTC - HELPFUL
Rated by Participant: 2DE6F83F64F279E7E8DE6BDAC9F82A9F16DBA6BA9148B46F59AE84F2048E50F4
Participant Details
Original Note:
Almost half of America’s 4,800 banks are already burning through their capital buffers. https://www.telegraph.co.uk/business/2023/05/02/half-of-americas-banks-are-already-insolvent-credit-crunch/#:~:text=Half%20of%20America's%20banks%20are%20potentially%20insolvent%20–%20this,how%20a%20credit%20crunch%20begins&text=The%20twin%20crashes%20in%20US,afternoon%20in%20the%20cyber%20age Also, in regards to the previous note stating it is false because there is the FDIC insurance; The FDIC protects depositors against the loss of their deposits if an insured bank FAILS. https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/#:~:text=What%20is%20the%20FDIC%3F,if%20an%20insured%20bank%20fails.
All Note Details