Birdwatch Note Rating
2023-03-11 17:38:27 UTC - HELPFUL
Rated by Participant: 692FBD8FFC12A3A4A55FD362B88FF441EC4EFDEA02FD50D95C0FB585EF18D47F
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