Birdwatch Note Rating
2023-03-13 19:59:36 UTC - HELPFUL
Rated by Participant: 1AF8E80B7F7A1B320FD4B315FBB8045C982A8F69B0273859852F31A60446AF6E
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