Birdwatch Note Rating
2023-03-13 02:39:35 UTC - HELPFUL
Rated by Participant: 1459EAF987C459449274D428E353AB13A5CC1F20BDCA4C8A9325AF082233E392
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