Birdwatch Note Rating
2023-03-11 08:08:03 UTC - HELPFUL
Rated by Participant: C73C7F685A58EE17B470DD7ADE00FC9F87B7B238E952A43D71C9D3571D05DD7E
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