Birdwatch Archive

Birdwatch Note Rating

2023-03-17 20:37:37 UTC - NOT_HELPFUL

Rated by Participant: A6CC796C1344D02DA90BEAE3CFA25635F9B96BD83E15B6EA16F4E9B900A7552E
Participant Details

Original Note:

Taxpayer money is not being used to cover the deposits at Silicon Valley Bank. Deposits are being paid for using funds from the Deposit Insurance Fund, which is a program that is funded by fees paid by banks and interest earned on government bonds, not funds from taxpayers https://www.fdic.gov/news/press-releases/2023/pr23019.html https://www.cnbc.com/2023/03/13/wall-street-not-taxpayers-will-pay-for-the-svb-and-signature-deposit-relief-plans-.html

All Note Details

Original Tweet

All Information

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  • version - 2
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  • helpfulnessLevel - NOT_HELPFUL
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