Birdwatch Note Rating
2023-03-11 04:07:10 UTC - HELPFUL
Rated by Participant: 48131C3AF95705970B0AFEE0F74025DDDC14D3AFA45855B4CD4F3CC52183239B
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