Birdwatch Note Rating
2023-03-11 17:09:42 UTC - HELPFUL
Rated by Participant: 659B2BDBCE415CE4D0C37626154D6884923C6B85C849FD894EBF0FCA235E212A
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
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