Birdwatch Note Rating
2023-03-12 19:09:18 UTC - HELPFUL
Rated by Participant: 98A32AC17F05808523CF3B4C2BAB3474C705CFCFD44BF473DD70832ED266552E
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