Birdwatch Note Rating
2023-03-11 05:38:34 UTC - HELPFUL
Rated by Participant: F4164C1970D6F28F85E70A90BC62DBC49BF0855451DE69788A89A260715D23A6
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