Birdwatch Note Rating
2023-03-16 05:50:30 UTC - NOT_HELPFUL
Rated by Participant: 43937E5AFBE17E43A28D596E3EFA8680B23911F00ABDC9CF6DAA24DFE42BD22E
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