Birdwatch Note Rating
2023-03-14 05:57:44 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A12DE5181803990C8D9D08C34E2BDDC0F3506A617DF84F62E233454855AD83D5
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