Birdwatch Note Rating
2023-03-11 16:57:43 UTC - HELPFUL
Rated by Participant: 4AB132421C138901451F308825D7A7B7689C0EE658D8A12A9B5749E9396857AE
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