Birdwatch Note Rating
2023-03-12 19:51:33 UTC - HELPFUL
Rated by Participant: 42B87264B5203AB4C506766CFDC994021C5742944697C7496F721D7C685A4029
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