Birdwatch Note Rating
2024-01-24 17:57:13 UTC - HELPFUL
Rated by Participant: 80D6E5FA019B8E5525249A0659485ABEF36094C2007752792D4CD977DC311BA4
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