Birdwatch Note Rating
2023-03-11 16:54:11 UTC - NOT_HELPFUL
Rated by Participant: 3437C70B303DFB779540D71BAD1927181691424AAD1916C79E362F4332FD0626
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