Birdwatch Note Rating
2023-03-11 18:30:23 UTC - HELPFUL
Rated by Participant: 8A9DEDADF7F980E6A75F6DB54CEF9E171AF3E5173EB8B11F1DD29F54DA240000
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