Birdwatch Note Rating
2023-03-13 09:04:31 UTC - NOT_HELPFUL
Rated by Participant: 5D801007D9BC7DCC8C3B3649D33103511A746948840DC8D6A6A0E3271BCCABD3
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