Birdwatch Note Rating
2023-03-11 15:49:19 UTC - HELPFUL
Rated by Participant: 4D9CFB0E835FB8E22A1DB864E8DD8B2EB25BE68D0AFB1A66843842F89FED023C
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