Birdwatch Note Rating
2023-03-13 14:55:15 UTC - HELPFUL
Rated by Participant: 71A49EE665957BB16D06E6E5008DA7ECF77E9835F05402A54A630965DD88545E
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