Birdwatch Note Rating
2023-03-11 15:46:03 UTC - HELPFUL
Rated by Participant: A9B029FB72729ECE624EDF7689438E9B73FDC00A70EEF82474DD58D84904D01F
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