Birdwatch Note Rating
2023-03-12 22:09:21 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D6E02FC90F5D3E0307F50EEFBA8E522C5B7075FEC7BC45FF8D869F74D988740F
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