Birdwatch Note Rating
2023-03-11 07:28:08 UTC - HELPFUL
Rated by Participant: AB5914C526F3BFE9A1365482B6BCCED22E6C6DBB92409905EBAAEE3CF2CEAE58
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