Birdwatch Note Rating
2023-03-12 19:09:18 UTC - HELPFUL
Rated by Participant: CD9CCE4715A1FEB962BC73AE5E5B30DE346AD0FAAB85BFA36FA3E2F9EBE0FE3E
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