Birdwatch Note Rating
2023-03-11 08:46:04 UTC - HELPFUL
Rated by Participant: 488F7D0E2A1D7F1F559C478C4045D3F9886BF04D7A5971E1DD38ECC14FCE44E8
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