Birdwatch Note Rating
2023-03-11 17:22:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8868F2F0EC4205AC4F6A43CD2EBF8584FE8424A30EE1E33CDAE519FAE1A3069A
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