Birdwatch Note Rating
2023-03-11 17:09:42 UTC - HELPFUL
Rated by Participant: 5B63813AEF0DD710C7B020B54E381E7A1CA3813577FEC092F8E4093195A138F5
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