Birdwatch Note Rating
2023-03-11 15:56:45 UTC - HELPFUL
Rated by Participant: 348AFD1E364DEDB7F3D683DEC05245AF0BB4BDDF97E1E5D9A7586FB3556276E3
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