Birdwatch Archive

Birdwatch Note Rating

2023-03-11 03:02:44 UTC - HELPFUL

Rated by Participant: 2EBC43B631653F4C5E06EA85FAE00261343984083696E6C2C96DD6771DAF2289
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

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All Information

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