Silicon Valley Bank Failure
U.S. Senator Elizabeth Warren (D–MA) claims that the failure of Silicon Valley Bank was a “direct result of Donald Trump rolling back key parts of Dodd-Frank.”
IN FACT, SVB was a left-wing bank with left-wing clients that collapsed under poor management and inflation caused by left-wing policies after two years of Democrats controlling the House, Senate & White House. SVB’s clients were then bailed out by Biden.
Furthermore, the CEO of SVB was on the Board of the Federal Reserve Bank responsible for regulating SVB, and the Federal Reserve gave SVB a clean bill of health in June 2021.
