Birdwatch Note Rating
2023-03-11 08:08:03 UTC - HELPFUL
Rated by Participant: 9DF7A0D48C2B6D8BCB59FDD69898E16D4C078C00ADB25F2460B525DC1897B565
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