Birdwatch Note Rating
2023-03-13 14:59:30 UTC - HELPFUL
Rated by Participant: 777FBE3D16BF9EE88DB1CDD0E7A9839141A106C6040644283C870B7116116468
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