Birdwatch Note Rating
2023-03-12 19:39:41 UTC - HELPFUL
Rated by Participant: 7DA093B2FA035ACF6D51CCBEA31A15784396CD9EE514C2F2E07293DF3F528C57
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