Birdwatch Note Rating
2023-03-13 11:02:53 UTC - HELPFUL
Rated by Participant: 27A6C17805A564086F31C82566692C1BD4BA3EC5C2F95A31FBAD807F959C879F
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