Birdwatch Note Rating
2023-03-13 03:18:39 UTC - HELPFUL
Rated by Participant: EA73FFA82DE3EBBB0A580DBC5FFC3D66288AA6FF7953B9F0845C0A2F2E528DB9
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