Birdwatch Archive

Birdwatch Note Rating

2023-03-11 11:10:15 UTC - HELPFUL

Rated by Participant: 4D027B9FBBDE640E5176F2C1AD4BC4CEB29DD7AE91B5B9302781A96D2F487154
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

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All Information

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