Birdwatch Note Rating
2023-03-11 17:37:59 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 7AFED7157243EC27320F18D6D8EB0D20EE7967D1A64E44C6EE7D5B5438301FC7
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