Birdwatch Note Rating
2023-03-13 03:13:40 UTC - NOT_HELPFUL
Rated by Participant: B635C63063E6BE37FD78C8D2BB13BABC03421E7A02E77C3E66AFA327E29D2A5A
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