Birdwatch Note Rating
2023-03-13 12:38:29 UTC - HELPFUL
Rated by Participant: 96C1A1EC423305AA8C374524D958D8C3DC53B54B1F6DF8E69495AF057FC9E024
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