Birdwatch Note Rating
2023-03-14 12:48:56 UTC - NOT_HELPFUL
Rated by Participant: D1A69ACE108437606E726446E081E1D27311ED7E1AEFAA30ED8B3601E7B797D3
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