Birdwatch Note Rating
2023-03-13 00:04:18 UTC - NOT_HELPFUL
Rated by Participant: EA096DF30477B2B6C0B6C208EB80DA92ABB09381D90B6B92D3850DBB9513B708
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