Birdwatch Note Rating
2023-03-11 15:38:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 81A7695266B60AD88ACB3DE64AA6FDBBD179258FD19DB04880A8281C6723554C
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