Birdwatch Note Rating
2023-03-13 16:24:35 UTC - HELPFUL
Rated by Participant: 72B76DCAF88797DA16A68A597AE5DD3391036DED95CE8FC38BBC134FFF6959EE
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