Birdwatch Note Rating
2023-03-12 22:58:54 UTC - NOT_HELPFUL
Rated by Participant: 5282A54D1495FEDC1D86F84FA8981A5DD109B6E0E81B847085ECE34034EADEB7
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