Birdwatch Note Rating
2023-03-11 06:19:19 UTC - HELPFUL
Rated by Participant: 6A2DCEE35410443C333E0BB1E4FB99385B0D8000149B02F6EE7B992C07136ED4
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