Birdwatch Note Rating
2023-03-11 07:07:42 UTC - HELPFUL
Rated by Participant: FAF5CE115736E745EA6608FA04753DE5755DC6A8C36796E0D37B6EBF073BBCB7
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