Birdwatch Note Rating
2023-03-15 05:07:50 UTC - HELPFUL
Rated by Participant: B9CC3CAA8357CE23167AB1665CD0703BC9ED8F55B71F8B1B56DC65BC1C92B6DD
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