Birdwatch Archive

Birdwatch Note Rating

2023-03-11 03:11:24 UTC - HELPFUL

Rated by Participant: B71D0E48733F8B4C53FA57E6CC4716E44CEB224393D59081437F9BE9446506DE
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

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All Information

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