Birdwatch Note Rating
2023-03-11 15:46:03 UTC - HELPFUL
Rated by Participant: B7B82DB1AEFFF3C7705F04F8584876ECB29106D87B030EAB13D7E2E5A47C9C38
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