Birdwatch Note Rating
2023-03-12 23:37:25 UTC - HELPFUL
Rated by Participant: D98014A330E4C8C809AA85D82A9A87C61B9CE8C66CF5D58FF3CB0A04FDAB0119
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