Birdwatch Note Rating
2023-03-13 09:06:00 UTC - HELPFUL
Rated by Participant: CC254D7D6055EF81933126290F1314AF77C63CEA0A31E7FAF075A317787E8375
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