Birdwatch Note Rating
2023-03-14 00:57:38 UTC - HELPFUL
Rated by Participant: C042EC3C531A582B0503B3C12D10FF23D10803A6D7713A8F8550687B517F7C13
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