Birdwatch Note Rating
2023-03-13 21:17:05 UTC - HELPFUL
Rated by Participant: E148A94B1E7A4CF6301928D378D500A6A32A4882B50C6881C36273C085F130CD
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