Birdwatch Note Rating
2023-03-13 05:11:35 UTC - HELPFUL
Rated by Participant: 65F687F3F0BE41BB456A883BA989742AB6F9566B731F7526D2F0E850C1B7F1DC
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