Did Trump's Deregulation Cause Silicon Valley Bank Collapse? Charles Payne Weighs In.

FOX Business host Charles Payne rejected the theory that former President Donald Trump's deregulation led to the collapse of Silicon Valley Bank (SVB). Instead, Payne argued that SVB, an institution largely serving America's wealthiest investors, made unwise, long-term investment decisions in T-bonds and other instruments itself. Payne pointed out that the trillions of dollars President Biden printed and "showered on this economy, ostensibly to fight COVID" caused inflation, which became the purview of Chairman Jay Powell and the Federal Reserve. Payne argued that SVB's collapse starts with President Biden, and the bank was bailed out, not the bank.