Birdwatch Note Rating
2023-03-13 22:56:19 UTC - HELPFUL
Rated by Participant: 6C042EA395E0E87BC6243038C1D42CD1A102615E1F0677613FBD3DD95802F50F
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