Birdwatch Note Rating
2023-03-11 17:58:16 UTC - HELPFUL
Rated by Participant: C559E982739691E2EFE38F13A971AA3B8B28A962694A86631FB41C5B2274E6C4
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