Birdwatch Note Rating
2023-03-11 09:04:59 UTC - HELPFUL
Rated by Participant: 2A1E89358910781477267828BDC07B1EA03CD78D68C7DE17045C5C8C39549787
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