Birdwatch Note Rating
2023-03-12 19:18:18 UTC - HELPFUL
Rated by Participant: E9D8083CC9CAA606D8C175B192ABB0EB37A2BE8F94B551BE244B6A211C6100A5
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