Birdwatch Note Rating
2023-03-12 18:43:26 UTC - HELPFUL
Rated by Participant: C895E0676ABC1C341BEA95AAA2566BD68162A7428DDC98F6FD782869AA90F111
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