Birdwatch Note Rating
2023-03-12 18:25:59 UTC - HELPFUL
Rated by Participant: 87B1B3E6ED66565305BBCE21861536C228D19BEC52A1AADC21EB08D70B1A55B3
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