Birdwatch Note Rating
2024-01-24 17:32:28 UTC - HELPFUL
Rated by Participant: D5B114DEB3D75C70CFB6C04DE6105840620D2C5892DDE300869F8ED749EF393E
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