Birdwatch Note Rating
2023-03-12 23:24:34 UTC - HELPFUL
Rated by Participant: BAC5EC0682433B7277EA2B42FA4BC2966CBF779315D0A202FCEDDD1EF0CF1C09
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