Birdwatch Note Rating
2023-03-13 11:02:53 UTC - HELPFUL
Rated by Participant: DD72B1180FC668D008AF5FB8BF9EBA1A6CAC335ED963FA30449428050FCB43FB
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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