Birdwatch Note Rating
2023-03-12 18:44:01 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 18D6711DDBA5780566C2BBA0B504F5F160C42EC413D7E0EDF5FE8E9F04B458CB
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