Birdwatch Note Rating
2023-03-11 18:10:32 UTC - HELPFUL
Rated by Participant: 8915317D933EBA9FFC7D7930FB1811F3A7C9A6FB39F48C33F69A7C510696BA82
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