Birdwatch Note Rating
2023-03-12 23:24:34 UTC - HELPFUL
Rated by Participant: BC278A120F14D61E80D05CFF7562F4AF8C3EFC3B5E67E22CCCE5401239C4E9CA
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