Birdwatch Note Rating
2023-03-13 11:06:46 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C01687478602E77F8CE4C11A53D98313D6F2F08FAE1C839EAE8533F723E36654
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