Birdwatch Note Rating
2023-03-13 16:27:55 UTC - HELPFUL
Rated by Participant: 4C0DC5DE8E98E3C18B5D255FE9EB99FF4A88CAE5E68D5AD68357E9741031F57E
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