Birdwatch Note Rating
2023-03-12 23:40:02 UTC - NOT_HELPFUL
Rated by Participant: C710B862888B7E99BBA6A8E4A018C3B7A0517209CC3BC23BCAD385C0AB045DDD
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