Birdwatch Note Rating
2023-03-11 06:08:48 UTC - HELPFUL
Rated by Participant: 2CA4ADBB1A6AAEC6FCB558789B3E84FC1B2A58444A65F1514E01A959F3AD8406
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