Birdwatch Note Rating
2023-03-13 16:24:25 UTC - HELPFUL
Rated by Participant: 015EF949CC561DD1C4D9D280A412D22A8B38286592F6F7EDB1F2996F2613D350
Participant Details
Original Note:
Nobody is giving money to Silicon Valley Bank. It no longer exists; all of its assets were transferred to a holding bank set up by the FDIC. Those who had funds on deposit will be made whole at zero taxpayer expense. Shareholders of the bank will likely lose their investment. https://www.fdic.gov/news/press-releases/2023/pr23016.html https://home.treasury.gov/news/press-releases/jy1337
All Note Details