Birdwatch Note Rating
2023-03-11 18:00:05 UTC - HELPFUL
Rated by Participant: F7ED22962E3CAC861EE12D28C254E84228CCE2FE34E4B5E0D51F01B9E1EDFCA6
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