Birdwatch Note Rating
2023-03-13 21:17:05 UTC - HELPFUL
Rated by Participant: 28423B38D9C6933C9C9725CAF9BBF5A573AFD5AF4B8EE3BEAEAB6ED01289383D
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