Birdwatch Note Rating
2023-03-13 16:44:51 UTC - NOT_HELPFUL
Rated by Participant: 0A5B082A68C6F3150A476B9F59E72F0707D89B0432BF7DF9388190A7045E7C9D
Participant Details
Original Note:
This is authors opinion so no note required. SVB CEO Greg Becker had pressed lawmakers in Congress to lessen regulation that placed higher scrutiny on certain banks. By 2018, his bank had spent roughly $500,000 to lobby for the changes that Trump ultimately signed into law https://www.newsweek.com/trump-era-roll-back-bank-regulations-resurfaces-amid-svb-collapse-1787112
All Note Details