Birdwatch Note Rating
2023-03-12 23:08:59 UTC - HELPFUL
Rated by Participant: DA915E69F09764EAA87495F277AA3A175050F7C3439CBEF5BA0280018EA198AE
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