Birdwatch Note Rating
2023-03-16 05:50:30 UTC - NOT_HELPFUL
Rated by Participant: CE851AEDC48D8DF8E5C03F5FD60D2DB7740F9C6FC6B49ACB90FF8C2E3806F7CD
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