Birdwatch Note Rating
2023-03-13 10:24:18 UTC - HELPFUL
Rated by Participant: 3D8D371EB9B15FE6855834B63ECD0447A2E89E4903C6A6B58F6FC51EA876D779
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