Birdwatch Note Rating
2023-03-14 00:57:38 UTC - HELPFUL
Rated by Participant: 6ECCD339E02BF5A9FD5816F3C6A7F1A58A789D1EF9637AB9B33DBDB78131E27F
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