Birdwatch Note Rating
2023-03-12 21:59:31 UTC - HELPFUL
Rated by Participant: 19AFB153A8D177064782E2BC6CB51745468D81F756B4FAA19853F977C2591C80
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