Birdwatch Archive

Birdwatch Note Rating

2023-03-11 16:06:43 UTC - HELPFUL

Rated by Participant: 2F92095A1B5A4C0260E486FC5184399B66B781D447E6DC18E23359F7428AFAC1
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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