Birdwatch Note Rating
2023-03-13 02:21:59 UTC - NOT_HELPFUL
Rated by Participant: 86D3CAC9AB0690E362D7570A2E6CB3CB957E8624C1424FD1B71B86031D10EAD6
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