Birdwatch Note Rating
2023-03-13 15:47:24 UTC - HELPFUL
Rated by Participant: 9CF28C0E7C56709CC7E6333F21F2295FE431703E8FFE2C2599DCF49CE93C4083
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