Birdwatch Note Rating
2023-03-13 00:20:40 UTC - HELPFUL
Rated by Participant: 2184C8C1883B860CE766E7FA6A278D77A96D95ADA75B072D95D95DF98B33A9EE
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