Birdwatch Note Rating
2023-03-15 00:33:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 58315A371465429D1F19A86FB136556057E1E88CD64150D6194D39356970AEAA
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