Birdwatch Note Rating
2023-04-27 11:39:08 UTC - HELPFUL
Rated by Participant: 249D457935F090FB069B33C576869F5E0246635B1EA7A50BBB44677B0F6B4506
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