Birdwatch Note Rating
2023-03-11 15:37:47 UTC - NOT_HELPFUL
Rated by Participant: 58C70D2D877142FB9593551D3C482517586B35635FD65DAED0753A1C813F523C
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