Birdwatch Note Rating
2023-03-11 10:18:20 UTC - HELPFUL
Rated by Participant: 00DA08C5672FE0F50AC22A1A1971F12E9899C05BC6A075ABAE04D3E9BB92BE6C
Participant Details
Original Note:
Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer
All Note Details