Birdwatch Note Rating
2023-03-13 09:06:00 UTC - HELPFUL
Rated by Participant: A104C032E7ED974294150D48FE08BC8927E940EEA10BC8F1BF703E003EA605EC
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