Birdwatch Note Rating
2023-03-12 19:11:08 UTC - HELPFUL
Rated by Participant: C0A34404C1EACCF00E43EE9362BA6B422EC1AFCF70821A46012B17F2C9463D45
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