Birdwatch Note Rating
2023-03-13 10:40:31 UTC - HELPFUL
Rated by Participant: C7D460F465F3C42CE561CD87FBF0FC4E020873FE20FE2AEADB9E2DFAC7204F9D
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