Birdwatch Note Rating
2023-03-13 03:07:05 UTC - HELPFUL
Rated by Participant: 426F89BBE8E181F9F06EEB980B04162499C39FA9383E6283E9C1E43D22E9F1ED
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