Birdwatch Note Rating
2023-03-15 16:50:39 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 785925B089F16F678F43B5E635008EEF8EF0B02445B35CAC2D88CB59C20EA725
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