Birdwatch Note Rating
2023-04-02 11:21:49 UTC - HELPFUL
Rated by Participant: B93B0C6231D3CF7BDE39570F60989FE6B48234D8DC242E051CB683A5F2B8DFC4
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