Birdwatch Note Rating
2023-03-11 20:15:24 UTC - HELPFUL
Rated by Participant: 4DD469D2A5BB74D829679EEEEDC96FB40A7D76E957F4C7035128488B8EE8F4AC
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