Birdwatch Note Rating
2023-03-20 19:07:01 UTC - NOT_HELPFUL
Rated by Participant: 7BE6A4E079F8694C72FD398E58237F7BCE9DD4BA6066140F81CCDBA0ABEB8D40
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