Birdwatch Note Rating
2023-03-11 17:46:05 UTC - HELPFUL
Rated by Participant: 5926E5D40EA0EE16FE23941EADF05B78DEFDFD84D1DBEB3D7B9E250AA522B6DC
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