Birdwatch Note Rating
2023-03-13 16:38:07 UTC - HELPFUL
Rated by Participant: C137BB278BEA3F9B66BE99A881E80821ED312F5CC126610F9B88D4F4655872BB
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