“Let’s be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed.”
What FactCheck.org found
While the law did reduce oversight of small and midsized banks, experts are divided about whether it caused the recent collapse of two banks.
Their words, from the summary they publish with the rating.
In short
Bernie Sanders (U.S. Senator) made this claim around 12 March 2023. FactCheck.org (United States) looked into it and published its finding on 16 March 2023, 4 days later. Its rating was “Experts Are Divided”.
Bernie Sanders has 49 checked claims in this archive. Fact-checking organisations rated 6 of them false or fake, 35 misleading or mixed and 4 true.
Where the claim appeared
- Saved copy of the posthttps://perma.cc/H7KY-DQPH
Links recorded by FactCheck.org. Some posts may have been deleted since.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.