Birdwatch Note Rating
2023-03-13 19:01:33 UTC - HELPFUL
Rated by Participant: 141CE63C4C1BB1F9B6F2C9A499ABE8A7F236E1083A2C91A7CFD9FF27566E28FF
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