Birdwatch Note Rating
2023-03-11 16:06:43 UTC - HELPFUL
Rated by Participant: 22A6056B725D4FEE25CAD40D5B813A90462E1EC842495B4D5A96C9C31E1B8DC6
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