Birdwatch Note Rating
2023-03-12 21:59:31 UTC - HELPFUL
Rated by Participant: EAA986FE1630B0E3980DE159771D01F0C2C663B94DD7000EAB40B8962A3B2D36
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