Birdwatch Note Rating
2023-03-11 18:33:58 UTC - HELPFUL
Rated by Participant: 42DFE06828B074A41D17C050BD4507B309DEF55C63051EAAD8D3C17FFD2620DD
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