Birdwatch Note Rating
2023-03-12 19:53:10 UTC - NOT_HELPFUL
Rated by Participant: 8F4AA414E1DA34819D439C6FF61C5AE3CCD0190364311DE884A70869661B2012
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