Birdwatch Note Rating
2023-03-15 00:33:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 19BE9B37BA723A4D2D8A05AF7F0CAF112680CB3B9F95157926C6C798CA39D87F
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