Birdwatch Archive

Birdwatch Note Rating

2023-03-11 04:14:13 UTC - HELPFUL

Rated by Participant: DD2259E891CB86B8DB4EA3EDE66CF29C3404A1DA798A882223BB77559B4AB1DD
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

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All Information

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