Birdwatch Note Rating
2023-03-11 05:15:18 UTC - HELPFUL
Rated by Participant: 166E9984F5549CF2A01C37EBF190CAFAA3D075D4B3A6C294B96F53C9D83BC75E
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