Birdwatch Note Rating
2023-03-11 11:10:15 UTC - HELPFUL
Rated by Participant: EFB1D4DD6D60D820DD7E73DBE48186AC08E53F29D2B467F7B52D71359E95E5C3
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