Birdwatch Note Rating
2023-03-13 01:21:33 UTC - HELPFUL
Rated by Participant: 4452E6416D0801D62A43B18A7BBD3E3805438F11663DF3D1B8353D4DE1CF808A
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