Birdwatch Note Rating
2023-03-11 07:56:58 UTC - HELPFUL
Rated by Participant: BEC7B28E6F4ED08263C06A3B1AB47A2B2459EE38C6FF78CFCB94AE0896229BFA
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