Birdwatch Note Rating
2023-03-12 20:59:16 UTC - HELPFUL
Rated by Participant: 1F22CD3682574D64D04C25975A6CE1DBD0AD13F8F03CFCA9257836E0B63D22CE
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