Trump’s Fed Regulators Rewrite the History of the Silicon Valley Bank Collapse

The Revolving Door Project, a Prospect partner, scrutinizes the executive branch and presidential power. Follow them at therevolvingdoorproject.org.

It’s been roughly three years since three of the four largest bank failures in United States history nearly wiped out a half trillion dollars of wealth, with Silicon Valley Bank, Signature Bank, and First Republic Bank collapsing one after another. The SVB collapse on March 10, 2023, was quickly followed by a crash at Signature Bank on March 12.