Birdwatch Note Rating
2023-03-11 23:30:13 UTC - NOT_HELPFUL
Rated by Participant: C37E9038F4E694ACD647DF327E41E9093B5A800112320DA189E7BF476CAAD8F9
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