Birdwatch Note Rating
2023-03-13 16:07:24 UTC - NOT_HELPFUL
Rated by Participant: 2985126014EC780EAB3329FCA23698ACAACC853EB51726B7256FB891E6F0FC48
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