Birdwatch Note Rating
2023-03-14 13:37:12 UTC - NOT_HELPFUL
Rated by Participant: 77CD6E55F0921248F81B66096E50BCC225F52A4C1B33B2487B73399AF18CC790
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