Birdwatch Note Rating
2023-03-13 15:52:37 UTC - NOT_HELPFUL
Rated by Participant: 85F69E827CCBEB45FCD8EEA2E1BAFD32ECCAD5668BCC98D5297A7389BFF2FDCD
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