Birdwatch Note Rating
2024-06-04 20:16:16 UTC - HELPFUL
Rated by Participant: 12295B8A9AD344C520178C9C4D81BD37561DC9B75C8AAAD1B0FCB730622493C9
Participant Details
Original Note:
The headline of this article is sensationalized and isolates a single metric to stir uninformed crypto readers. Paper losses increased $39B Q1 2024 due to higher mortgage rates, but overall net income has rebounded, while asset quality and liquidity remains stable. https://www.fdic.gov/news/speeches/fdic-quarterly-banking-profile-first-quarter-2024
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