Birdwatch Note Rating
2023-03-11 03:14:30 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 7B861ED4B72563F45AEB2D337152A81180E0F2AEBA2387964E23475E7DF7B130
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