Birdwatch Note Rating
2023-03-13 22:56:19 UTC - HELPFUL
Rated by Participant: 3C758BAD7315737BF3B45DAAEBC29E97B7B87C5B2A8E357F62C0D20A596A1855
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