Birdwatch Note Rating
2023-03-12 18:32:32 UTC - HELPFUL
Rated by Participant: 0044C5F4BF9E8C74E86DF90E8BC40FEAECFB83A31CC7F6EBB67F8647BAFC695F
Participant Details
Original Note:
Michaelides, owner of a tech startup, conflates “bailout” with “bank sale” - the FDIC sells failed banks to successful ones as part of the bank’s post failing process. A bailout would be the government financially restoring depositors beyond the insured amount. https://www.fdic.gov/consumers/banking/facts/
All Note Details