Birdwatch Note Rating
2023-03-13 02:55:13 UTC - HELPFUL
Rated by Participant: FDE4C5F5B12C09236F809D4AF2BD9908282C5DBCAA9D42A73A63C5EBD801302E
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