Birdwatch Note Rating
2023-03-11 17:58:16 UTC - HELPFUL
Rated by Participant: C1F09FEBFC2E696A2F43A27B42876904AE3DBA9F42168C467BDE4626F31E0F24
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