Birdwatch Archive

Birdwatch Note Rating

2023-03-11 03:52:49 UTC - HELPFUL

Rated by Participant: E869CB2545D16F80E5773496CEA2319FF0243270B87C39610F3D5BD892C67EE0
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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