Birdwatch Note Rating
2023-03-13 14:59:30 UTC - HELPFUL
Rated by Participant: 10678655DFD41A4E82E656A92620797053ED7155650D96FE46C1D2EAE5C69840
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