Birdwatch Note Rating
2023-03-13 03:18:39 UTC - HELPFUL
Rated by Participant: C99BA22C736F67A182E48C25F4F74B22FF16300701501AC7E025C2DE3E8D8A98
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