Birdwatch Note Rating
2023-03-12 21:57:14 UTC - HELPFUL
Rated by Participant: 2A4169EE19A8A01657FC32ACA31E49627C4645D25E9BB4924CCFEEF066D6E9DD
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