Birdwatch Note Rating
2023-03-13 06:18:42 UTC - HELPFUL
Rated by Participant: 8BE11A837E709026EDBCA9AAE4DDF778BF3D651F186347DFB693376E42E9F0B1
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