Birdwatch Note Rating
2023-03-13 18:53:54 UTC - HELPFUL
Rated by Participant: 97379344D77E648D9A4FCAB9077D650DB3BC5B8403B06469C2ADFF728F0094B8
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