Birdwatch Note Rating
2023-03-13 10:40:31 UTC - HELPFUL
Rated by Participant: 8CAB500867AF785964CEEB727D22F7D543AB9C7EC2BBB372A7D180E75D4A63A0
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