Birdwatch Note Rating
2023-03-12 21:59:12 UTC - HELPFUL
Rated by Participant: A345FE78A2E9C4249C8F22AD404D331B4E9AAE563ACAEAF12D5128FB01C1875A
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