Birdwatch Note Rating
2023-03-13 13:35:09 UTC - HELPFUL
Rated by Participant: FD370CE97534C5EA46C78E4CA06CD33A5B37873D8E1FD66CC458C60F3D649E23
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