Birdwatch Note Rating
2023-03-13 00:20:40 UTC - HELPFUL
Rated by Participant: 048DCC25526F9DD793735ECCBC0AD8C72A72D4CA633A6F9BC84E499171A063E7
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