Birdwatch Note Rating
2023-03-13 15:37:47 UTC - NOT_HELPFUL
Rated by Participant: 498989C773C1F6AED7AA3B239E8FC74C1AE0A999FD1C7B6FDA038FAB02B08E0E
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