Birdwatch Note Rating
2023-03-11 02:59:20 UTC - NOT_HELPFUL
Rated by Participant: 9FE09C08042AB241D1E564280DC3D8D1BB18D5DB3D6A0374166F1C3D5F9CC876
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