Birdwatch Note Rating
2024-01-24 12:49:29 UTC - HELPFUL
Rated by Participant: 8AAC8044DF620CAEEF7C72D10AC435BF39D3D65A415548CB9DAC904A41E48CD4
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