Birdwatch Note Rating
2023-03-12 19:55:20 UTC - HELPFUL
Rated by Participant: BC3AA1E9A00D3B0303527CAC721E366283EAC8EA551C3B1395CB040DF7A3BEE6
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