Birdwatch Note Rating
2023-03-13 16:07:24 UTC - NOT_HELPFUL
Rated by Participant: FE90B2114EE10CA2A4075F3D09B5B558541EF6CAF5CDA9FFB3778FE02DD82849
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