Birdwatch Note Rating
2023-03-13 17:24:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 4F590D6AC20E81F70037CC7510902BC4C29F7BFE521B44AEDD98FCC1876D2995
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