Birdwatch Note Rating
2023-03-12 19:50:25 UTC - HELPFUL
Rated by Participant: 3A68D5CA689F966E5C87E099D6AAE867A04683E692CAC5EDE043CF7F5FAEC4C2
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