Birdwatch Note Rating
2023-03-11 16:10:19 UTC - HELPFUL
Rated by Participant: 9C053B9C35CB5435320126E54A7C149DEC1AC8777447A33F2A439F00E7A1D01D
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