Birdwatch Note Rating
2023-03-13 04:30:51 UTC - HELPFUL
Rated by Participant: 54D9BCD250E8DC59BA8ADB01E1E296A83215EF5E90A1A921FF9147C727B8DDF9
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