Birdwatch Note Rating
2023-03-13 11:59:21 UTC - HELPFUL
Rated by Participant: CFD14D55302ABA980DD64B13BB4A13CE618ACC1F66C1DADF179C5030AF46AF85
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