Birdwatch Note Rating
2025-02-09 20:48:28 UTC - NOT_HELPFUL
Rated by Participant: F2F9AAF1EBEDAF29CEC4070EDFC033E06826F0894AD8720F7E89E8013C59380E
Participant Details
Original Note:
NNN Elon Musk has suggested eliminating the FDIC since last year. The FDIC insures accounts up to $250,000 so you don't lose your money when there is a run on the bank or if the bank goes under. The last run was in 2023. Without the FDIC, customers would have lost their money. https://nypost.com/2024/12/13/business/trump-aides-mull-abolishing-fdic-as-part-of-deregulation-spree/
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