Birdwatch Note Rating
2023-03-11 17:05:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 0B9B67E8BBC16C46CD3D1C2725D1251775A1901DC7509D357AAAB066003FAD3E
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