Birdwatch Note Rating
2023-03-13 12:33:13 UTC - HELPFUL
Rated by Participant: 5490DE171A20A241F2177AC107658A0243612D79A10408D8AED0C722A4ABA741
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