Birdwatch Note Rating
2023-03-11 18:13:28 UTC - NOT_HELPFUL
Rated by Participant: CE4DCC523959FE9F7A3AD5E78F075A9165B0EC4BB74B38206784DF8650787367
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