Birdwatch Note Rating
2023-03-13 02:09:56 UTC - HELPFUL
Rated by Participant: 452A88AE78E2F1709720EE7920DCA1A53A155451B04F1814B34A83AA2508189F
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