Birdwatch Note Rating
2023-03-13 16:22:05 UTC - HELPFUL
Rated by Participant: BC21CDF901A9050859F50504D9135C3043C85F4DC583A9767EEDDB13B0D8B3C4
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