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 amidst a rush to point fingers, SVB’s fall has set off a frenzy of mythmaking, ranging from tired ideological cliches to hysterical hyperbole to retroactive prophets falsely claiming credit for “seeing it coming.” These fact-free myths dangerously confuse the general public—and many crucial questions remain un-answered, making any declarations of absolute certainty certainly misleading.