Birdwatch Note Rating
2023-03-12 22:51:49 UTC - NOT_HELPFUL
Rated by Participant: DE6EFA1485E4B516999ED6269487508F696BA281208F7A44EDB74C277D4E92FD
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