Birdwatch Note Rating
2023-03-12 17:13:43 UTC - HELPFUL
Rated by Participant: 91D427D7A0942D9660CEB81863244BB06C4D94A470D37BFB8C9BD926E7EEB30C
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