Birdwatch Note Rating
2023-03-12 18:44:01 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5AFF1EBF18D1456AB3FAFF12CB9734D82E915E8B4F9F500B0EF3092BB1FD1127
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