Birdwatch Note Rating
2023-08-14 03:33:53 UTC - NOT_HELPFUL
Rated by Participant: 63578B329FA146AAF3F01DBD0BA0B95270D46015C7160DDAC9D10E8A516A62D9
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