Birdwatch Archive

Birdwatch Note Rating

2023-03-11 15:56:45 UTC - HELPFUL

Rated by Participant: FD2912F00614AA414E615AF406D6DB3D814151856DF6C6A4A566CE3B9213FCE2
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

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All Information

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