Birdwatch Note Rating
2023-03-13 14:40:00 UTC - HELPFUL
Rated by Participant: FA55DBADAF3C3D4F948EE184B823A4FF39A1A774D0D109FAFBA3DD867872EDB3
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