Birdwatch Note Rating
2023-03-13 22:21:34 UTC - HELPFUL
Rated by Participant: 513E05EFC8451B3156F05CE6533E8DFAA3CC98D95E923A8A9BF5A8F6B2613C14
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