Birdwatch Note Rating
2023-03-13 04:44:53 UTC - NOT_HELPFUL
Rated by Participant: B064947A558BD777BFD2E60F605A52A50E09C4AB354C5704AA796A9298A47114
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