Birdwatch Note Rating
2023-03-13 05:35:46 UTC - HELPFUL
Rated by Participant: 7E1245AB01D8860F22A1F4423FE9FA0999CAA169F45940FD4B4F0EFBA4DFD8EC
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