Birdwatch Note Rating
2023-04-04 01:49:03 UTC - HELPFUL
Rated by Participant: E4FEC9C3B02EB8B5143C75C0CB5BD2468B31CE2E4EDD1E7A7062CCA35A8C4CAF
Participant Details
Original Note:
The article @WallStreetSilv later cited contradicts his claim: "Taxpayers are not on the hook for the losses, if the FDIC is forced to pay. They come out of the FDIC’s $128 billion Deposit Insurance Fund, which is funded by all U.S. banks.." https://ca.finance.yahoo.com/news/why-the-fdic-offered-to-take-billions-in-losses-to-find-svb-assets-a-new-home-120903660.html Taxpayers did not bailout SVB https://abcnews.go.com/Business/bailout-federal-government-bailout-silicon-valley-bank-signature/story?id=97846142 https://www.npr.org/2023/03/13/1163180140/silicon-valley-bank-is-it-a-bailout-barofsky 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