Birdwatch Note Rating
2023-03-11 16:38:13 UTC - NOT_HELPFUL
Rated by Participant: AC8DBE4AD536B9D2D88F267805E1CE218A5F4EF34F88AFC9A51EF136ECECE014
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