Birdwatch Note Rating
2023-03-12 22:04:56 UTC - HELPFUL
Rated by Participant: D757FB73DF080CE5FDF5B95B3CAD31AB90B274330D799B10E14AFD1BFB2BC7CF
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