Birdwatch Note Rating
2023-03-11 17:39:08 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 99074799AAE8024F57CD9E50072EAEADB7D4130BF2B792A7159828F294392077
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