Birdwatch Note Rating
2023-03-13 03:51:25 UTC - HELPFUL
Rated by Participant: CC61A25BEB2A5DAF2B70D824F59BB3BF7600E528CB9D114FE815DC1C63FC8217
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