Birdwatch Note Rating
2023-03-11 02:59:48 UTC - HELPFUL
Rated by Participant: 49DB407FB3AAF289B3618B04662595D4E9BCBB74179C1F5CBDC5BE452DD86BBA
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