Birdwatch Note Rating
2023-03-11 18:10:32 UTC - HELPFUL
Rated by Participant: 13E4E7C30F0E655332A2E3944158DAA51FB721A151C99D5846244CA33D53FD3A
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