Birdwatch Note Rating
2023-03-11 15:49:19 UTC - HELPFUL
Rated by Participant: D15C87ED1D2390FAD0F3E3A81AC0BBA51DC343D41EF7A49160563D165EBBD7A8
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