Birdwatch Note Rating
2023-03-11 16:15:05 UTC - HELPFUL
Rated by Participant: E1197738A6B3A9336B8C8714468272710C0BCDBAA4C57864E3A52462CDDA0BB3
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