Birdwatch Note Rating
2023-03-13 02:39:52 UTC - NOT_HELPFUL
Rated by Participant: 95AF44DE4CB59B3762B7DDDC12CD473B9EF4A97F48ABF0F6030FE01E8772636A
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