Birdwatch Note Rating
2023-03-13 08:19:01 UTC - HELPFUL
Rated by Participant: 3090101E3788205B910CD434DE6525765278BE5F02FB565AB1ED4E6BD0DFFC75
Participant Details
Original Note:
“That bill raised asset threshold banks must undergo stress tests from $50 billion to $250b. SVB would have been required to undergo regular stress tests before the revision; among the stresses you look at are sharp rises in interest rates, which is apparently what did in SVB.” https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/
All Note Details