Birdwatch Note Rating
2023-03-15 08:01:46 UTC - NOT_HELPFUL
Rated by Participant: 487B037FE65AE7147DCE0EE0527B9FF4317CA40D9ED4904F686A96E561E3830F
Participant Details
Original Note:
Bank regs. played barely any role in SVB collapse. The Fed's high interest rates was the main culprit, followed by wave of withdrawals. SVB then sold off its bonds to recoup cash, creating hysteria, & bigger wave of withdrawals follows, leaving SVB depleted: a run on bank. https://www.grid.news/story/economy/2023/03/13/how-the-feds-interest-rate-hikes-endangered-the-banking-sector-leading-to-svbs-collapse/#:~:text=The%20bank%20was%20thus%20uniquely,and%20the%20rest%20is%20history. https://www.forbes.com/sites/conormurray/2023/03/13/what-to-know-about-silicon-valley-banks-collapse-the-biggest-bank-failure-since-2008/
All Note Details