Birdwatch Note Rating
2023-03-13 00:09:02 UTC - NOT_HELPFUL
Rated by Participant: 7FD9B78F57695D7F8835A77402DC0EA54008AB93BD20046CD673E1B1B8A5AE81
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