Birdwatch Note Rating
2023-03-12 19:06:30 UTC - HELPFUL
Rated by Participant: C85D15DF731D1313DE6BDBE41D1662E83D1BDE9A10F6BAB3BA75CDE91AD86BA9
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