Birdwatch Note Rating
2023-03-13 03:19:23 UTC - HELPFUL
Rated by Participant: ED631A047550482645D6AF42E75C31CF2FE81AC9C6220396E1657D510F2C2F7C
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