Birdwatch Note Rating
2023-03-11 07:28:08 UTC - HELPFUL
Rated by Participant: 72A59FB5955991E68C6349DA62C35A734500BE2AEFDA828D7BB704AB0E76465C
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