Birdwatch Note Rating
2023-03-12 19:55:20 UTC - HELPFUL
Rated by Participant: E7D32A99D11EF031594607005D517F33723CF70F969FB047677CC280E2E626BE
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