Birdwatch Note Rating
2023-03-13 02:31:40 UTC - HELPFUL
Rated by Participant: 4E0E89FB306F9D0806F8AD2412D2567F7E7456F5AB2CDF10CE3F992644B9B90D
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