Birdwatch Note Rating
2023-03-11 02:58:24 UTC - NOT_HELPFUL
Rated by Participant: 0AC6F2183829CE2056F813A2C0BE587E706BB9860B0B35985855EA7F6AEAF15C
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