Birdwatch Note Rating
2023-03-13 19:18:29 UTC - HELPFUL
Rated by Participant: 33FC392D569297D2C214D05F0D0FE3A644E8A5D171AE02E6073A846A81DB62D4
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