Birdwatch Note Rating
2024-01-24 05:15:12 UTC - HELPFUL
Rated by Participant: 7A5F47C2E53343AB3C190C30BD161BFBD5B4BA813130C57B7FD631BEE98E872C
Participant Details
Original Note:
Banks are owned and controlled by stockholders, whose number of votes depend upon the number of shares owned. The majority of banks are BHC’s, regulated by The Federal Reserve. E.g. Warren Buffet’s Berkshire owns 13% of Bank of America, thus controlling 13% of the voting. https://secny.org/difference-between-credit-union-and-bank/#:~:text=Banks%20are%20owned%20by%20investors,how%20their%20bank%20is%20operated. https://www.marketscreener.com/quote/stock/BANK-OF-AMERICA-CORPORATI-11751/company/ https://www.investopedia.com/terms/v/votingright.asp
All Note Details