Birdwatch Note Rating
2023-03-12 21:39:28 UTC - HELPFUL
Rated by Participant: 114469DA11B003C4F4D9B1C84E31521607D4EA0BD6589461F5BAF981811C6F69
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