Birdwatch Note Rating
2023-03-11 17:39:08 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 57355648C101E7EBAB55BF1351EAC7CCDC7330818572A569DA38911617A21633
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