Birdwatch Note Rating
2023-03-13 14:40:00 UTC - HELPFUL
Rated by Participant: 83FC78AE79D019CD53BBC09411D0D0FD32DA4C44E6C95F5E7A9706B3A1EF91DB
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