Birdwatch Note Rating
2023-03-11 06:08:48 UTC - HELPFUL
Rated by Participant: DAEAB8600EEC53B5B571DA358F60975D6B8EB5F92D04ED9B46DDF652798A15D7
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