Birdwatch Note Rating
2023-03-12 20:43:59 UTC - HELPFUL
Rated by Participant: A4F717AA6040BEA5D21BB3F2145D165B5640B5233F6CEB2E78F339676C963CC2
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