Birdwatch Note Rating
2023-03-12 18:39:04 UTC - NOT_HELPFUL
Rated by Participant: 4F5A356204CBB66D133518DB7AE5E2F095E72ED7BA4049895FA7603707AD2CF1
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