Birdwatch Note Rating
2023-03-11 09:41:04 UTC - HELPFUL
Rated by Participant: 880E3E9EC29B70027E87F66BD1A31335C6AA8FC04CEE68AE2808E9CC41C80A13
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