Birdwatch Note Rating
2023-03-12 23:16:07 UTC - NOT_HELPFUL
Rated by Participant: CF181BF363A4440757E0513372628F1A87104AC9893C2C52C8547032531197E3
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