Birdwatch Note Rating
2023-03-13 05:42:34 UTC - NOT_HELPFUL
Rated by Participant: BA83192B039DCC1FC18C5998F8A711323B8DB883DF803C5F6B8659FFAD91CC2F
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