Birdwatch Archive

Birdwatch Note Rating

2023-03-11 23:30:13 UTC - NOT_HELPFUL

Rated by Participant: 30833F2F9A2240CE25D472E386A69F8AE9F6BE9A4C08766D38DB48B77897BF12
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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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