Birdwatch Note Rating
2023-03-11 18:33:58 UTC - HELPFUL
Rated by Participant: 77F7E2AA8097046017F40CE945E98B98868079C2EEB6F38DA76CB3CD33ECC1FC
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