Birdwatch Note Rating
2023-03-13 17:39:09 UTC - NOT_HELPFUL
Rated by Participant: 2D2286357D9D2DCB931BEDEAC8A2BCC0F35187617549E9F4282C6F192E6781DB
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