Birdwatch Note Rating
2023-03-13 15:28:04 UTC - HELPFUL
Rated by Participant: 19FA6CB63585E2AE3F7C42B76CD52150C850940E4BEDA861A20C7FC7E9B8B4E7
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