The collapse of Silicon Valley Bank and the Biden Administration’s unprecedented response, guaranteeing deposits and backstopping regional banks, has catalyzed an important and necessary national conversation over what went wrong, and what can be done to prevent future crises. But SVB’s fall has also set off a frenzy of mythmaking, ranging from ideological clichés to hyperbole.
These fact-free myths dangerously confuse the general public. Even more important, they obfuscate some of the genuine underlying