Birdwatch Note Rating
2023-03-19 18:35:35 UTC - HELPFUL
Rated by Participant: 41FB91CE791888A23C3D2EB4CFC49D74185B2C209A75A1630A99E77F6A220B97
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