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Sorting fact from fiction in Silicon Valley Bank blame game

Posted on AllSides March 17th, 2023
From The Right

After the stunning collapse on Friday of a major bank for the technology sector, critics on both sides of the aisle have blamed their political opponents for contributing to the meltdown.

Silicon Valley Bank, a midsized institution that finished last year with nearly $200 billion in deposits, shuttered Friday and reopened on Monday under the direction of federal regulators.

The blame game started almost immediately in Washington and on Wall Street as fears of a broader fallout mounted.

Here are the facts surrounding some of the loudest claims about SVB.

SVB’s leaders had made...

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