Birdwatch Note Rating
2023-03-12 18:56:38 UTC - HELPFUL
Rated by Participant: 5CF8008712DE9486099E88D049135413ED9C9F99D930953350177D387E11BF85
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