Birdwatch Note Rating
2023-03-11 17:18:08 UTC - HELPFUL
Rated by Participant: ED19251DC994B6A81972F557931E175F356220CF38CDB69C25B3EBA2D2A132EA
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