Birdwatch Note Rating
2023-03-11 10:18:20 UTC - HELPFUL
Rated by Participant: D98DBFAE9AD5EE4D8EFC52106726F7BB59274A60BC3ED548B42BFB70DDFB8EBF
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