Birdwatch Note Rating
2023-03-13 14:17:55 UTC - NOT_HELPFUL
Rated by Participant: 7A5B9DF1D2571CDB516DCFF446587E80B79CC35BC296983DFB123D4B089C1BC0
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