Birdwatch Note Rating
2023-03-11 04:05:02 UTC - NOT_HELPFUL
Rated by Participant: D1A69ACE108437606E726446E081E1D27311ED7E1AEFAA30ED8B3601E7B797D3
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