Birdwatch Note Rating
2023-03-13 16:03:42 UTC - SOMEWHAT_HELPFUL
Rated by Participant: FFC355D67C0436A6A7023C13B2D3107A3AB3CBED63B0088AAA0D36D2D32985AE
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