Birdwatch Note Rating
2023-03-13 19:16:48 UTC - HELPFUL
Rated by Participant: 27A6C17805A564086F31C82566692C1BD4BA3EC5C2F95A31FBAD807F959C879F
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