Birdwatch Note Rating
2023-03-11 17:37:59 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 04AA33789B8CE9D18EB8C8990850C167F5CA8F4BAF8B71B9CE3D92EEFEC86366
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