Birdwatch Note Rating
2023-03-13 10:19:35 UTC - HELPFUL
Rated by Participant: CF6A0778C2F85C2AD6C4FCDC52CFC17FAA049DA1BBBC6D1FDE1F3B4A4EB37BE3
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