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Did a 2018 law allow Silicon Valley Bank’s collapse?

Posted on AllSides March 14th, 2023
From The Left
Nikolas Kokovlis/NurPhoto via Getty Images

The failure of Silicon Valley Bank has led to renewed debate over a 2018 bill signed into law by then-President Trump that rolled back banking regulation. At the time it was passed, some experts predicted the exact scenario that befell SVB over the last week: The easing of oversight helped lead to the collapse of the nation’s 16th-largest bank and the biggest bank to go under since the Great Recession of the late 2000s.

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