Birdwatch Note Rating
2023-03-13 02:38:12 UTC - HELPFUL
Rated by Participant: 3A9A6324B7A37D70CC081E9D3CA6BEF401A8A52C9DA8CC7039AB04DD70C3551D
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