Birdwatch Note Rating
2023-03-13 10:24:18 UTC - HELPFUL
Rated by Participant: F831FCEE4147AA14E91BEB134FD294E4CB3D01C379D8015C0A23AD1B495B8B26
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