Birdwatch Note Rating
2023-03-12 19:01:55 UTC - NOT_HELPFUL
Rated by Participant: 4EB5192077E5BCC24043A3315921C226B8EFA95B1B346D7BD15F43A8617669D0
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