Birdwatch Note Rating
2023-03-13 12:26:42 UTC - HELPFUL
Rated by Participant: B9F2B99BE6A0C4374BA494CABE393D6952382A01A2E3C16285240554F82B3BAA
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