Birdwatch Note Rating
2023-03-14 05:57:44 UTC - SOMEWHAT_HELPFUL
Rated by Participant: AE39CA851F3CB0CF683D10F3333FB13CCC5C24BE9DA275E71A82E8959E6A1AD6
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