Birdwatch Note Rating
2023-03-14 03:22:51 UTC - HELPFUL
Rated by Participant: D317D61003B5DE82E0BAD2F3D5EE5AEACBFCF451503CCC74D3B1827C1BB4312F
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