Birdwatch Note Rating
2023-03-11 03:31:20 UTC - HELPFUL
Rated by Participant: 83410B82BCF7AD8B95C78E0E533EF36B89EFA587F8F410095EEF2A544D169C93
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