Birdwatch Note Rating
2023-03-11 18:16:39 UTC - HELPFUL
Rated by Participant: 01E1EF8814339DBCED9D146708DC02234CD7C2E61683B60420BAE1F308861799
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