Birdwatch Note Rating
2023-03-15 00:29:42 UTC - NOT_HELPFUL
Rated by Participant: EFF148AB1B9499AD56438AC756AEE7B4ABD1E4A87B2FE920426303D3C23CF388
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