Birdwatch Note Rating
2023-03-12 18:56:38 UTC - HELPFUL
Rated by Participant: 514062A801012EE95F570A06585E931EC0952AE0AC559E00BEF41F28F6B97047
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