Birdwatch Note Rating
2023-03-13 12:18:04 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 80D9BA5B0B12F99E8E06DAFA5F5F29C480A036D4A02B08AA0CF45B6424665B16
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