Birdwatch Note Rating
2023-03-11 18:00:05 UTC - HELPFUL
Rated by Participant: 244A76EE8CA503BC594087F231F1428143351CEC16E379B70438C7FCE8441DC4
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