Birdwatch Note Rating
2023-03-13 16:38:07 UTC - HELPFUL
Rated by Participant: F36A76CDFF12D80CB7293F15F991418ACDC4D298C9B8F0AD23E4904AD5F4BA80
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