Birdwatch Note Rating
2023-03-13 10:19:35 UTC - HELPFUL
Rated by Participant: A4CC649ABE0F4CE894F06357264F9E3EDF529E460A5B02D8EFFE244E8D7DE94F
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