Birdwatch Note Rating
2023-03-11 17:22:20 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8E2BA73E12AF4C501F07CFC148A27544B50BF2C5005A428C1CF40AA738BFE37A
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