Birdwatch Note Rating
2023-03-11 16:43:58 UTC - HELPFUL
Rated by Participant: A30E23B01F927C4387616E33DE422C96B4F9A9B45B8ACA619267391F3D77B5A8
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