Birdwatch Note Rating
2023-08-14 02:20:47 UTC - HELPFUL
Rated by Participant: 42223510B1E9F0BE9076DCAD2942BD831C8FA3909309BF1A7006F7A68C18652F
Participant Details
Original Note:
There is no evidence that the deregulation - which had decent bipartisan support - caused their failure. It may have played a role but some experts believe it only sped up their eventual failure. SVB lobbied for the deregulation as well. https://www.politifact.com/article/2023/mar/13/what-caused-silicon-valley-banks-downfall-rewritte/ https://www.factcheck.org/2023/03/what-to-know-about-trump-era-bank-deregulation-and-bank-failures/
All Note Details