Birdwatch Note Rating
2023-03-12 16:10:26 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 140EBB2724BC17E5B2764EAA4F472DDFBFF06D440FC5387308306278419E4711
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