Birdwatch Note Rating
2023-03-11 16:31:55 UTC - HELPFUL
Rated by Participant: 576835544D149139532A1E1F0BB624667E896BCDBFA21EB4E5207EC24C1726C9
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