Birdwatch Note Rating
2023-03-13 09:34:37 UTC - HELPFUL
Rated by Participant: 34D9B59C32DCA26FF882F95BB351DAAA44F7B7CF590EE9922B5A44D81531782F
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