Birdwatch Note Rating
2023-03-11 04:12:58 UTC - HELPFUL
Rated by Participant: 9B7C8A3AD7A906663202E031B29AEC915EB115C4F39463CC4730458852463B9D
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