Birdwatch Note Rating
2023-03-12 22:04:56 UTC - HELPFUL
Rated by Participant: 53F232EA9913B8779D426DCCA16464D73FF8A245726E38B82A1A85487B65EA79
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