Birdwatch Note Rating
2023-03-12 18:22:50 UTC - HELPFUL
Rated by Participant: 610C75D00A3BC4F946D9C868A103777CB1F2837A5D76B9DB0B8E7C2E1E914683
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