Birdwatch Note Rating
2023-03-13 22:49:41 UTC - HELPFUL
Rated by Participant: 3E0D12A5FC2745386764371F3323C090C9371BC83F0D938DFB10009E5E053B6D
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