Birdwatch Note Rating
2023-03-16 10:11:58 UTC - HELPFUL
Rated by Participant: F2AEA9ED3DA6400396C52D80A01F2228464500CE0542F165B3AF3D4B53E36320
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