Birdwatch Note Rating
2023-03-13 11:06:46 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D1AD78A534180E000E161C1FB712DE5182FCFB42BE03F5179E2B0D42533E10BC
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