Birdwatch Note Rating
2023-03-11 23:14:41 UTC - HELPFUL
Rated by Participant: 9EDFB7D44CA202BB848A75C30158958A210C4F63CE9478EFA1B0EFA2EBDCC8BF
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