Birdwatch Note Rating
2023-03-13 15:47:24 UTC - HELPFUL
Rated by Participant: 47668FAD089ACBC94F6BE492E414B4D6D9467C7069D020B1A0D1A346905A9CF2
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