Birdwatch Note Rating
2023-03-13 02:39:35 UTC - HELPFUL
Rated by Participant: 9D84948EED154D37B3FBB60D2E2BE3F7DEE3DE4B73A1B8C464F3054E36A54949
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