Birdwatch Note Rating
2023-03-11 15:38:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 1F40073E2057D4A69E96014154322DD58526BFAD7B7AF8A657309C1F31B28F6A
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