Birdwatch Note Rating
2023-03-11 04:12:58 UTC - HELPFUL
Rated by Participant: FFA8925ECD3964145120B4A8455246F3973EE52C1CFA2F8D2B1B82627769FAE9
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