Birdwatch Note Rating
2023-03-12 22:12:28 UTC - HELPFUL
Rated by Participant: F1E690DACFA98DFB7A0AD274194E865735CB706FBA57EC73E8A95226614C69A1
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