Birdwatch Note Rating
2023-03-19 05:41:51 UTC - NOT_HELPFUL
Rated by Participant: 827211785D4832E371B18DEB912555BF1C6661C8EEC6AE4AA09E3FD83D80F7B7
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