Birdwatch Note Rating
2023-03-11 16:21:13 UTC - HELPFUL
Rated by Participant: F4831DE41C2C1276D068BF56C0507FB5ED284221BE5C4B818706FD5BE26114D9
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