Birdwatch Note Rating
2023-03-13 03:56:40 UTC - HELPFUL
Rated by Participant: 5E191ED336BFEBB6FDE07945917BB457880AB57A9A006D6BC7E64F8A8EA37650
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