Birdwatch Note Rating
2023-03-13 19:46:38 UTC - HELPFUL
Rated by Participant: 394A1EBA42796E429321D669E1DB422223A98FB8A0EBA1CE11FF5B8AC79B3408
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