Birdwatch Note Rating
2023-03-11 16:09:55 UTC - HELPFUL
Rated by Participant: 98C7239048FCAE6807B0C623F64A1952EEDA4EE524BCD9817BBFABE926D366B4
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