Birdwatch Note Rating
2023-03-13 05:42:34 UTC - NOT_HELPFUL
Rated by Participant: 0976004058458F3E9F3AC38E54116B9CA40CFB8BE3CA441FF74BD42E64ADFF36
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