Birdwatch Note Rating
2023-03-13 19:59:36 UTC - HELPFUL
Rated by Participant: 44752FC35C1CA8B749FB2FDCC2874F9F6CD037BA020FF1CA3BB23D0850D65947
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