Birdwatch Note Rating
2023-03-13 00:34:03 UTC - HELPFUL
Rated by Participant: FBE99648971AA8D10A4E19F089EEC755A9CEC8D871D2362BA27780842697D836
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