Birdwatch Note Rating
2023-03-12 19:51:33 UTC - HELPFUL
Rated by Participant: 82874CDC6ED682C8626B9615D8CC5CF4437BC76B5E87BFB8DF244F367E1AAD99
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