Birdwatch Note Rating
2023-03-11 17:25:19 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F1D7F4ADBF9D4AA8B054309EC95A79C3BDC8E4F48859FDE04056686F5B4BF752
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