Birdwatch Note Rating
2023-03-14 02:18:06 UTC - HELPFUL
Rated by Participant: 8CF27D4D910F544E6A96F46A37E708725935CCA205E9E6BFBB3D634B0E1F1DB8
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