Birdwatch Note Rating
2023-03-11 16:31:55 UTC - HELPFUL
Rated by Participant: EC48A6D3E81A3B1826B2FD6C8C7C80D2B7CE6B6FF0C23CF3167609903014EC8F
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