Birdwatch Note Rating
2023-03-20 22:30:12 UTC - SOMEWHAT_HELPFUL
Rated by Participant: D4EA906BE64F0CFDAF46E90CE6B806739F575C8D52AB9E5C7CF82FCD9A650D58
Participant Details
Original Note:
Tweet is factual US banks were sitting on $620 billion in unrealized losses (assets that have decreased in price but haven't been sold yet) at the end of 2022, according to the FDIC. Unrealized losses weaken a bank's future ability to meet unexpected liquidity needs. https://www.cnn.com/2023/03/12/investing/stocks-week-ahead/index.html
All Note Details