Claim: With the recent failure of two midsize banks, some Democrats have blamed deregulation championed by then-President Donald Trump in 2018. While the law did reduce oversight of small and midsize banks, experts are divided over whether deregulation in 2018 ultimately caused Signature and Silicon Valley Bank to collapse.
Fact-check: What to Know About Trump-Era Bank Deregulation and Bank Failures - FactCheck.org
Verdict: with the recent failure of two midsize banks, some democrats have blamed deregulation championed by then-president donald trump in 2018. while the law did reduce oversight of small and midsize banks, experts are divided over whether deregulation in 2018 ultimately caused signature and silicon valley bank to collapse.
Organisation: FactCheck.org
Author: Robert Farley
Date published: 2023-03-16T17:43:08