Birdwatch Note Rating
2023-03-11 16:38:13 UTC - NOT_HELPFUL
Rated by Participant: B7D430B0EBFCACBCE544E2B6E72D231DE5DDEA3E0F62D672156E6A722B6322C4
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