Birdwatch Note Rating
2025-03-04 18:50:51 UTC - HELPFUL
Rated by Participant: 9E688CCCB9F42ADAD3F4637F2E3C6124C4D2D2D38C33B7500CCBF2A66916F0E0
Participant Details
Original Note:
Additional context: Canadian banking is designed for stability over profitability. This legislation protects citizens assets from bank failures, and has been successful with only 2 bank closures in the last 102 years. For context, the US saw 569 closures from 2001-2025. https://www.trentu.ca/news/story/42069#:~:text=%E2%80%9CU.S.%2520banks%2520can%2520operate%2520in,for%2520stability%2520rather%2520than%2520competition.%E2%80%9D https://en.wikipedia.org/wiki/Banking_in_Canada https://www.fdic.gov/resources/resolutions/bank-failures/in-brief/index#:~:text=Bank%2520Failures%2520in%2520Brief%2520%E2%80%93%2520Summary,See%2520Summary%2520by%2520Year%2520below.
All Note Details