Birdwatch Note Rating
2023-03-14 17:13:54 UTC - NOT_HELPFUL
Rated by Participant: F3E6ED0B5A5E158816274CEA463B017D9EB4940EDE4CF5AF9A11A7F386D0323D
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