Birdwatch Note Rating
2023-03-13 19:16:48 UTC - HELPFUL
Rated by Participant: DD72B1180FC668D008AF5FB8BF9EBA1A6CAC335ED963FA30449428050FCB43FB
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